Stock Market Today: Nasdaq Pounded As Oil Surges; Honeywell Crosses Trendline (Live Coverage)

The Dow Jones Industrial Average fell 600 points Thursday as tech earnings triggered a selloff and oil prices spiked. Alphabet and Tesla both declined following their quarterly reports, dragging the Nasdaq lower in a session that widened the gap between energy and technology sectors.

The surge in crude came as traders repositioned ahead of supply data and geopolitical developments, pushing energy names higher while rate-sensitive growth stocks absorbed losses. The Nasdaq bore the brunt of the decline as investors rotated out of mega-cap tech. Honeywell crossed above a key trendline during the session, bucking the broader market weakness.

The 600-point drop in the Dow reflects renewed pressure on multiple expansion in technology shares as oil's climb raises inflation concerns. Both Alphabet and Tesla reported earnings that failed to meet expectations or sparked profit-taking, amplifying the tech selloff. The contrast between energy strength and tech weakness signals a shift in sector leadership as input costs rise.