Nasdaq confirms correction, Wall Street slumps on Middle East uncertainty
By Sinéad Carew and Twesha
Dikshit
Thu March 26, 2026
The optimism lasted only a day. Iran has completely rejected the U.S. peace plan claiming it is completely slanted to U.S. advantage and Trump has resumed his threats of further attacks on the oil facilities. Thus, the price of oil spiked still more and all the indexes began a steady and continuing decline from 10 a.m. onwards. It was another bloodbath with major 3-digit losses all around and hopes for a near-term end of the war dashed, with nothing but uncertainty about the future of the conflict.