# Dow Jones Industrial Average dropped roughly 165 points (0.

*business · news · 2026-04-07 · Hindustan Times*

## Key points

- President Trump set an 8 PM ET deadline tied to the Strait of Hormuz crisis.
- US crude oil surged to $113.82 per barrel, far above pre-war levels near $70.
- Healthcare stocks rallied after a 2.48% Medicare rate hike approval for 2027.
- Universal Music Group shares jumped 11.4% after Bill Ackman proposed a takeover bid.

**Companies:** UnitedHealth, Universal Music Group, Wells Fargo Investment Institute, Norwegian Cruise Line, United Airlines, Dollar Tree, Dollar General, Coinbase Global
**Countries:** United States, Iran

[Read the full story on Hindustan Times](https://www.hindustantimes.com/world-news/us-news/stock-market-news-today-dow-s-p-wall-street-stabilize-amid-trump-us-iran-war-expert-oil-brent-silver-gold-101775586698397.html)

---

Canonical: https://newsio.io/n/bf042984-d757-445a-9926-bfbee168132f/dow-jones-industrial-average-dropped-roughly-165-points-0
Summarized by Newsio from Hindustan Times. https://newsio.io/how-it-works