The S&P 500 and Nasdaq Composite closed at record highs Wednesday as tech stocks led gains, while the Dow also reached a new record on optimism over a tentative U.S.-Iran ceasefire deal that drove oil prices lower. Oil retreats on peace deal hopes, Treasury yields steady, and chip stocks rally on positive sentiment ahead of major earnings.
Wall Street closed out the week on a high note Friday as the S&P 500 notched its first close above 7,100 and the Nasdaq posted its longest win streak since 1992, fueled by Iran's declaration that the Strait of Hormuz is "completely open" following a ceasefire announcement between Israel and Lebanon. Oil prices tumbled sharply on the geopolitical relief, providing an additional tailwind for equities across all major indices.
Wall Street enters correction territory as markets closed sharply lower for a fifth consecutive week, with the Dow Jones Industrial Average tumbling nearly 800 points on Friday, March 27 — extending its losing streak amid relentless oil price pressure and deepening fears of a recession. The S&P 500 is now approaching correction levels, having shed approximately 10% from recent highs, as rising crude prices and ongoing Middle East war tensions continue to weigh heavily on equities. Sentiment remains decidedly **bearish** heading into the new week, with Moody's recession model flashing its highest warning signal in years.
Wall Street capped a brutal fifth consecutive losing week on Friday, March 27, with the Dow Jones tumbling nearly 800 points to confirm correction territory as oil prices continued surging amid the ongoing Middle East war now entering its second month. The S&P 500 and Nasdaq also closed sharply lower, with all three major indexes posting their worst levels in over seven months, as investor risk appetite remained suppressed and inflation fears mounted.
Wall Street extended its brutal losing streak to five consecutive weeks on Friday, March 27, with the Dow Jones Industrial Average plunging nearly 800 points and entering correction territory as surging oil prices and the ongoing U.S.-Iran war continued to hammer investor sentiment. The S&P 500 and Nasdaq also fell sharply, with the broader market now flirting with its own correction. The overall mood remains deeply bearish as geopolitical uncertainty dominates market psychology heading into the final weekend of March.
U.S. equities sold off sharply on Thursday, with the Nasdaq entering correction territory as investors dumped tech stocks amid renewed uncertainty over U.S.-Iran ceasefire prospects and climbing crude oil prices. The day's dominant narrative was a reversal of the previous session's optimism: after Wednesday's relief rally on hopes of peace talks, mixed signals from the Middle East sent markets back into risk-off mode, with the ECB's inflation warning adding an additional headwind. Sentiment was broadly bearish as the Iran conflict continued its roller-coaster grip on markets for a fourth straight week.
U.S. equities remained under pressure on Wednesday as crude oil prices and Treasury yields resumed their climb, continuing the reversal from Monday's relief rally. The dominant narrative remained the U.S.-Israel conflict with Iran — ceasefire talks showed signs of life, but Gulf state involvement clouded the outlook, keeping investors on edge. The key takeaway: until there is concrete progress toward ending the Middle East conflict, markets will likely remain volatile, with oil prices and yields acting as the primary headwinds.
U.S. stocks were mixed on Tuesday, March 24, as the Nasdaq and small-caps declined while the Dow held relatively steady, with the ongoing U.S.-Israeli conflict with Iran returning to the fore as Gulf states were seen entering the fray and dimming hopes for a swift negotiated end. Stock futures rose overnight into Wednesday after The New York Times reported that the U.S. had sent Iran a plan to end the war, lifting risk appetite heading into the March 25 session. The Iran conflict and its ripple effects on oil prices remain the dominant force driving day-to-day market swings.
U.S. stocks staged a sharp relief rally on Monday, March 23, with the Dow surging more than 600 points as President Donald Trump announced the U.S. would postpone further military strikes on Iranian power plants and energy infrastructure following "productive conversations" with Tehran. All three major indices closed well above 1%, snapping a brutal multi-week losing streak, as oil prices retreated sharply on the de-escalation news. The dominant market theme was geopolitical relief — the Iran conflict, which had hammered equities and sent crude soaring for weeks, suddenly found a diplomatic opening that unlocked a broad-based "relief rally."
U.S. equity futures fell in early Sunday trading as markets brace for what could be a fifth straight week of losses, with the dominant narrative remaining the ongoing U.S.-Iran conflict and its cascading effects on oil prices and inflation. Major indices are on track for continued declines after the S&P 500 shed over 3% in 2026 and settled at four-month lows, while traders now see no rate cuts before 2027 according to market pricing. Fresh threats from President Trump against Iranian energy infrastructure have further dampened risk appetite heading into the new trading week.
U.S. equity markets capped another brutal week of losses as the ongoing U.S.-Iran conflict continued to dominate market sentiment, with major indices tracking toward a fourth consecutive week of declines and trading at four-month lows. The S&P 500 has lost over 3% in 2026, with Dow and Nasdaq brushing near correction territory at intraday lows before pulling back. Soaring oil prices, persistent inflation fears, and a Federal Reserve signaling no rate cuts before 2027 have kept investors firmly in risk-off mode.
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