The Dow Jones index sold off 650 points Thursday as oil prices surged. Dollar General tumbled on earnings.

The Dow, S&P 500, and Nasdaq fell as Wall Street worried rising oil prices would risk future rate cuts and the war with Iran escalated.

U.S. equities closed sharply lower Thursday, with oil in focus after the Trump administration said the Navy isn't yet ready to escort tankers through the Strait of Hormuz. The Dow, S&P 500 and Nasdaq all finished at their lowest closing values since November.

Gold prices edge higher; Treasury yields stabilize

With no clear end in sight, the war with Iran is sending oil prices back to $100 per barrel, and stocks are sinking worldwide on Thursday. The S&P 500 fell 1.1% and is returning to sharp swings following a couple days of relative calm.

Sensex, Nifty 50 continued to slide on Friday, March 13, after a sharp selloff in equities worldwide. Sensex crashed as much as 963.75 points or 1.26% to its day's low of 75,070.66 while Nifty also shed 333.

Stocks rallied and oil fell after CBS News reported that President Trump said the U.S.-Israeli war with Iran was “very far ahead of schedule” and “very complete, pretty much.”