All three major indexes fell on Friday, but one held up better than expected. The reason has more to do with oil tankers than tech stocks.

Stocks sank, volatility picked up and oil prices surged to their highest level since mid-2024 as concerns about a prolonged war with Iran continue to roil markets.

Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.

The Dow Jones Industrial Average (NYSE: DIA) had a rough week, falling 2.95% as tariff anxiety, macro uncertainty, and a VIX spike to 23.75 rattled blue-chip investors. That fear gauge is now sitting at its 88th percentile over the past year,

The Dow Jones Industrial Average on Thursday closed down 785 points as the war with Iran escalated and oil prices continued to climb. The Dow fell 1.61% while S&P 500 dropped 0.57%. The tech-heavy Nasdaq declined 0.26%.

The Dow, S&P 500, and Nasdaq fell as the stock market reacted to disappointing jobs data and surging oil prices.

U.S. stock futures touched their lowest levels of the session on Friday after a disappointing February jobs report gave investors another reason to sell. Dow futures were off 344 points, or 0.7%, at 47,

Thursday's noteworthy 1,000-point drop is indicative of a disturbing trend. Here's what investors should be aware of as more big moves could be ahead.