US EditionStocks tumble to lowest close in over six months as Middle East tensions drag
The S&P 500 dropped 1.6%, extending a fifth consecutive weekly loss amid inflation fears and reduced Federal Reserve easing expectations, driven by Middle East conflict and rising oil prices.
- On Friday, U.S. stocks tumbled to their lowest closing levels in over six months, with The Dow Jones Industrial Average, SPX, and Nasdaq Composite each suffering their fifth consecutive weekly decline as the Middle East war suppressed risk appetite.
- The month-long Middle East war drove oil prices higher, with crude rising 5.46%, fanning inflation fears and dampening hopes for Federal Reserve rate cuts that had been expected before the conflict began.
- Megacap weakness led the selloff, with Amazon down about 4% and Nvidia down about 2%, while the CBOE Volatility Index touched its highest level since March 9, signaling intensified fear on Wall Street.
- Analysts warn of potential drawdowns between 15% to 20%, as the Federal Reserve faces mounting pressure from geopolitical risks while money markets rule out any easing this year amid Middle East tensions.
14 Articles
14 Articles
The three major US stock market indexes fell to their lowest levels in more than six months on Friday amid the ongoing war in the Middle East.
Stocks hit lowest point in over 6 months as Mideast tensions drag on
NEW YORK — U.S. stocks took another tumble March 27, with weakness in megacap stocks sending the three major indexes to their lowest closing levels in over six months, as the month-long Middle East war continued to suppress risk appetite.
U.S. Indexes Declined Friday; AST SpaceMobile Took Biggest Hit
Stocks fall further after Trump's latest delay in the Iran war fails to raise hope
U.S. stocks are falling as Wall Street stumbles toward the finish of a fifth straight losing week, which would be its longest such streak in nearly four years. The S&P 500 fell 1.5% and deepened its losses a day after its worst drop since the war with Iran began. The Dow Jones Industrial Average dropped 725 points, and the Nasdaq composite sank 2%. President Donald Trump's latest delay in his threat to obliterate Iranian power plants saw oil pri…
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