Stocks tumbled on Thursday, pressured by a sharp sell-off in Alphabet and Tesla, as well as a spike in oil prices. The Dow Industrials shed over 500 points.
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On Thursday, the Nasdaq Composite fell for a fourth straight day as shares of Apple and Microsoft slid.
Oil prices fell and the Dow Industrials soared more than 900 points Thursday after President Trump said the U.S. will soon sign a deal with Iran.
The S&P 500 posted its first close above 7,500 on Thursday. The Dow Industrials recaptured the 50,000 level, aided by a surge in Cisco shares.
