Dow tumbles nearly 800 points as surging oil prices raise fears about economic toll of Iran conflict

• The Dow Industrials fell by nearly 800 points (-1.61%), while the S&P 500 dropped about 40 points (-0.57%), and the Nasdaq Composite was down by about half a percent (-0.26%).
• The Russell 2000 was the hardest hit, declining by approximately 2% (-1.91%).
• Industrials, materials, and consumer staples were identified as the 'big laggards,' with consumer discretionary managing to eke out some gains.

The stock market experienced a significant downturn, with the Dow tumbling nearly 800 points, as surging oil prices and fears surrounding the economic impact of the Iran conflict weighed heavily on investor sentiment. Major indices and several key sectors saw substantial declines.