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.
The Nasdaq is now officially in correction territory with the S&P closely following behind. It was the biggest one-day decline for both indexes since January 20th. The day’s only good news is Iran acknowledging that “diplomacy had not ended.” There was another plus with another 10-day pause on Trump’s threat to attack energy plants. A third plus was the low volume of only 16.5 billion shares traded vs the 20.5 average, suggesting that total panic has not yet set in.
DJ: 46,429.49 +305.43 NAS: 21,929.83
+167.93 S&P: 6,591.90
+35.53 3/25
DJ: 45,960.11 -469.38 NAS: 21,408.08
-521.74 S&P: 6,477.16
-114.74 3/26
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