Dow Dragged Over 500 Points On Surging Crude Prices

The Dow tumbled over 500 points as surging crude oil prices and geopolitical tensions pressured the major indices.

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The Dow Jones Industrial Average (DJI) is suffering a more than 500-point setback this afternoon, dragged lower by grim geopolitical sentiment and a surge in crude prices. West Texas Intermediate (WTI) front-month oil was last seen just shy of $93 per barrel, extending its longest rally since its seven-session run in March, pressuring the Nasdaq Composite Index (IXIC) and S&P 500 Index (SPX) notably lower.

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Bilibili Inc (BILI) stock is 4.8% higher to trade at $15.96 this afternoon, after pricing an unregistered sale of nearly 7 million Hong Kong-listed shares. BILI is attempting to pivot off Friday's low of $15.16 and has shed 39% over the past six months. Options traders are circling in response, with 14,000 calls and 13,000 puts across the tape so far. Seeing the most action is a spread across the December 2027 18 call and put.

One of the best stocks on the New York Stock Exchange (NYSE) today is Bloom Energy Corp (BE), trading up 7.4% at $271.66, after news broke that the energy giant will join the S&P 500 on Sept. 21. BE is headed for a fifth-straight daily pop and sports a 215% year-to-date gain.

Meanwhile, UiPath Inc (PATH) is down 14.5% at $8.65, one of the worst NYSE performers despite receiving a price-target hike from Barclays (BCS) to $17 from $14. The equity is looking to extend Friday's bear gap, today testing the $14 floor as support. PATH has shed 13% so far in 2026.

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