Pre-Market Report – Friday 6 March: US markets fall but off lows | Commodities under pressure

Stocks resumed their decline Thursday after a one-day respite as concerns over the Iran war flared up again with U.S. crude topping $80 per barrel.The Dow Jones Industrial Average declined 784.67 points, or 1.61%, to 47,954.74. The S&P 500 fell 0.56% to 6,830.71, while the Nasdaq Composite dipped 0.26% to 22,748.99. The stock sell-off was led by Boeing, Caterpillar and other names that stand to lose the most if the global economy slows.Oil prices jumped, with West Texas Intermediate crude futures surpassing $80 per barrel in the afternoon to hit its highest level since July 2024, after Iran said it hit an oil tanker with a missile. It settled up more than 8% at $81.01 a barrel. International benchmark Brent crude futures settled nearly 5% higher at $85.41 per barrel. SPI down 125 - Commodities under pressure.—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.