The S&P 500 edged lower in today’s (March 10, 2026) Wall Street close amid volatile trading, as oil prices retreated and investors monitored developments in the Iran-related conflict. Specifically, the S&P 500 declined 0.21% at the session’s end. The Dow Jones Industrial Average fell 0.07%, closing at 47,706.51, while the Nasdaq rose marginally by 0.01%.
Market Volatility and Intraday Swings
Earlier in the day, the Dow had dropped as much as 296.57 points. Both the S&P 500 and Nasdaq touched intraday lows—down 0.5% and 0.4%, respectively—before recovering somewhat toward the close.
Oil Prices Retreat Amid Supply Concerns
Crude oil prices, which surged nearly to $120 per barrel on Monday amid fears of escalation in the Iran conflict, pulled back as investors anticipated coordinated action by a group of countries to release emergency crude oil reserves—aimed at cushioning market disruptions caused by the geopolitical tensions, according to CNBC.
Prices weakened further after U.S. Energy Secretary Chris Wright posted—and later deleted—a social media update stating that the U.S. Navy had successfully escorted a tanker through the Strait of Hormuz. Following the post’s removal, oil prices rebounded slightly from their lows, while equities drifted downward from their intraday highs.