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.”
Trump’s decision to delay attacks for 10 more days did little to placate nerves and Rubio still insists the war will be over in weeks. The VIX gained 3.61 points today, putting in again over the 30 “panic” mark, but only by one point. Today’s Consumer Sentiment numbers reached a 3-month low and the Expectations numbers for the future were even lower. Volume came in at 18.13 billion, still below 20.4 average.
DJ: 45,960.11 -469.38 NAS: 21,408.08
-521.74 S&P: 6,477.16
-114.74 3/26
DJ: 45,166.64 -793.47 NAS: 20,948.36
-459.72 S&P: 6,368.85
-108.31 3/27
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