US Edition
Nasdaq 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.
22 Articles
22 Articles
The Nasdaq 100 falls into correction territory as the Iran war derails the tech-led bull market
NYSEThe Nasdaq 100 entered a correction on Friday, down more than 10% from its peak.The index has been beaten down this year by concerns about AI, a memory stock sell-off, and the Iran war.The index appears to be moving closer to a bearish Death Cross, which could signal further downside.The Nasdaq 100 is officially in correction mode.The tech-heavy stock index dropped nearly 2% on Friday to around 23,181, its lowest level in about seven months.…
US stock market extends sell-off into second day; Nasdaq, Dow enter correction territory
Despite Trump's reassurances, US stocks plummeted due to investor doubts over the Iran conflict, leading the Nasdaq and Dow into correction territory. Brent crude prices surged, raising fears of economic repercussions as tensions in the Middle East escalate.
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.
US Stock Market: Nasdaq confirms correction, Wall Street slumps on Middle East uncertainty
Global markets experienced a sharp downturn as fears of a U.S.-Iran conflict escalated, sending oil prices soaring and fueling inflation concerns. The Nasdaq confirmed a correction, while the S&P 500 and Dow also saw significant drops. Investors grappled with "fog of war" uncertainty, leading to widespread selling across sectors, with tech and communications hit particularly hard.
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