Sustained escalation in the Middle East drags down US markets – Total blockade drives oil back over $100 – US allows purchase of Russian oil – Trump targets 60 countries – Private credit market in sell-off mode – Adobe despite strong numbers in the red – Microsoft loses heavyweight from executive ranks – Ulta Beauty faces gloomy forecast – Dollar General forecasts growth slowdown – Rubrik benefits from cybersecurity boom

The trading day on Thursday, March 12, 2026, ended on Wall Street with significant losses and palpable nervousness among investors. The Dow Jones lost around 1.56% and closed at 46,677.86 points. The broad S&P 500 dropped 1.52% to 6,672.62 points, while the tech-heavy Nasdaq Composite was hit even harder, declining by 1.78% to 22,311.98 points. The major US indices continued their downward trend from recent days, sliding to some of the lowest levels seen in several months. The main reason for the weak stock market sentiment was geopolitical...