Stocks tumble, Dow confirms correction territory, as Middle East tensions drag
By Chuck Mikolajczak and Purvi
Agarwal
Fri March 27, 2026
It was another major drubbing. Usually a 1% 1-day drop is considered huge. Today the Nasdaq and Dow averaged a 2% 1-day drop, all indexes at their lowest in seven months and all three with 5 straight weeks of declines, the longest stretch in four years. The Dow today became the latest index to confirm a correction. And, per today’s expert, “I would view this as a big opportunity, but would not be surprised if we see a drawdown between 15 and 20% before it’s over.”