What’s happening with Dow Jones today? Why is Dow down 500 points today - Dow, S&P 500 and Nasdaq fall in deep red

Dow Jones today: The Dow Jones today plunged more than 500 points, sending shockwaves across the U.S. stock market. The Dow Jones Industrial Average dropped about 1.1%, while the S&P 500 slipped nearly 0.5% and the Nasdaq Composite declined around 0.3%. The sharp sell-off came after West Texas Intermediate (WTI) crude surged nearly 5% to about $87 per barrel, while Brent crude climbed close to $92. Oracle shares surged nearly 9–10% after the company reported better-than-expected fiscal third-quarter earnings and revenue.