Stock Market Today: Dow Slumps 600 Points As Oil Prices Spike 11%; This Broadcom Rival Soars (Live Coverage)

The Dow Jones Industrial Average plunged 600 points today, primarily driven by an 11% spike in oil prices which raises inflation concerns and impacts corporate earnings. This broad market downturn occurred despite a notable rally by a Broadcom rival, suggesting that oil's surge is a significant headwind. Investors should watch for further energy price movements and their potential to dampen economic growth and corporate profitability across various sectors.