US DJIA Drops 1,200 Points Before Closing Down 403 Points; Microsoft Rises Over 1% Despite Market Trends

US-Iran Conflict: The US-Iran conflict has escalated, with President Trump announcing that the US Navy will escort tankers through the Strait of Hormuz to maintain energy flow, impacting oil prices.

Stock Market Volatility: The US stock market experienced significant fluctuations, with the DJIA dropping as much as 1,277 points before closing down 403 points, while the S&P 500 and Nasdaq also saw declines.

API Crude Oil Stock Change: The API reported a crude oil stock change of 5.600 million barrels for February 27, which is lower than the previous figure of 11.400 million and below the forecast of 2.19 million.

Performance of Major Stocks: Among the "Magnificent Seven," Microsoft saw a rise of over 1%, while Tesla fell nearly 3%. Other tech stocks like Nvidia and Alphabet also experienced slight declines, with chip stocks like Micron and Intel suffering larger losses.