Wall Street Opens Lower as Oil Surges Past $100

Wall Street's major indexes opened sharply lower as oil prices surged past $100 per barrel amid escalating U.S.-Iran tensions, with the Dow falling 1.69%, S&P 500 down 1.37%, and Nasdaq declining 1.14%, while stagflation concerns mounted following weak February jobs data and oil reaching an intraday high of $119.48.