US EditionNasdaq Confirms Correction, Bond Prices Fall as Iran Crisis Pushes Oil to $108
The Nasdaq dropped over 10% from its October high amid Iran war tensions and a 5.7% rise in Brent crude oil, with stocks, bonds, and gold all declining, reducing safe investment options.
- On Thursday, March 26, the Nasdaq Composite confirmed a correction, dropping 2.38% and falling more than 10% from its October 29 record high.
- Rising oil prices, with Brent crude jumping to more than $105 a barrel, have fueled the decline as hopes for a quick resolution to the nearly one-month-old Middle East war diminished.
- Broad selling persisted Thursday as the S&P 500 fell 1.74% and the Dow declined 1.01%, while Meta Platforms dropped 7.9% after court rulings found the company failed to protect young users.
- President Donald Trump announced a 10-day pause in attacks on Iran's energy plants until April 6, prompting stock futures to trim losses after the market closed Thursday.
- Chase Investment Counsel President Peter Tuz cautioned that bad technical indicators could discourage buying, noting a sell-off of 10%-20% should not surprise investors given prior market strength.
15 Articles
15 Articles
The US Nasdaq Composite index fell by 2.4%, reaching approximately 11% below the historical maximum recorded on 29 October, confirming official entry into a correction phase, transmits Reuters.
The Nasdaq Composite Is Officially in Correction Territory: 3 Things You Need to Know
Key PointsThe Dow Jones Industrial Average, S&P 500, and Nasdaq Composite often take the stairs up and the elevator down. Although stock market corrections can tug on investors' heartstrings, downturns are historically short-lived.Bargains abound if you have a lengthy investment horizon.10 stocks we like better than NASDAQ Composite Index › Since the start of 2019, record-closing highs for Wall Street's major indexes have become almost commonpla…
Nasdaq confirms correction, bond prices fall as Iran crisis pushes oil to $108
NEW YORK/LONDON, March 26 : Stock indexes fell sharply on Thursday, with the Nasdaq dropping more than 2 per cent to confirm a correction, and Brent oil jumped to more than $105 a barrel as hopes diminished for a quick resolution to the nearly one-month-old Middle East war.U.S. President Donald Trump said
Dow falls, Nasdaq enters correction on war fears | Honolulu Star-Advertiser
The Nasdaq tumbled more than 2% to confirm a correction today while the S&P 500 and the Dow fell more than 1%. Investors scrambled for safety on fears of escalation in the U.S.-Israeli war against Iran, which has sent oil prices soaring and exacerbated inflation concerns.
Instant View: Nasdaq confirms correction as U.S. stock retreat gathers steam
NEW YORK, March 26 (Reuters) – The Nasdaq Composite index on Thursday confirmed a correction denoting a decline of 10% or more from its October 29 record high, the latest setback for U.S. markets approaching one month of the war on Iran. On Thursday, major U.S. stock indexes declined at least 1%, led by a 2.4% retreat in the Nasdaq. The S&P 500 is on track for a fifth consecutive weekly drop. A 7.9% pullback in Meta Platforms on Thursday came …
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