Dow enters a correction
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Nasdaq, Dow and Iran
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US stocks slid and the Dow closed in correction Friday as uncertainty about the duration of the war with Iran and nerves about energy inflation continued to weigh on markets.
Stocks closed the week with sharp losses Friday as Wall Street sought refuge from the financial blowback of the war in Iran. The Dow Jones Industrial Average closed with a loss of nearly 800 points Friday,
Losses mounted across all three major U.S. indexes for a fifth-straight week as economic concerns persisted around the Iran war, which held oil prices above $100. The Dow closed Friday down 793 points, or 1.7%, ending the week down 0.9% as the index reached its lowest level since September 2025.
Petrochemical price spikes and shortages from the Iran war likely will cause inflationary effects at least through the end of the year on construction materials, consumer goods, t
U.S. stocks extended declines as investors assessed the latest developments in the Middle East.. The S&P 500 is poised for its worst monthly performance since 2022.
The Dow Jones Industrial Average was down by over 880 points ahead of Friday's closing bell and looked to be on pace to finish the session in a correction. The Dow was near 45,076, at last check. It needs to finish at below 45,