Wall Street closes lower, posts weekly loss as war on Iran fuels inflation worries

Wall Street closes lower, posts weekly loss as war on Iran fuels inflation worries

By Stephen Culp and Johann M Cherian

Fri March 13, 2026 

All the indexes started in the green, the Dow up some 450 at the outset, but the bad news started pouring in from the boatload of data that was expected today. At least it was a steady rather than chaotic decline on all fronts well into the red by the end of the day with tech getting the brunt of it. 

GDP got revised sharply downward as well as disappointing results in a number of other economic indicators including weakening consumer demand and other softening inflation data. But still no sense of any rate cuts, likely to continue for some time. Volume came in below the 19.84 average, closing at 18.12 billion. 

DJ: 46,677.85  -739.42        NAS: 22,311.98  -404.15        S&P: 6,672.62  -103.18         3/12

DJ: 46,558.47  -119.38        NAS: 22,105.36  -206.62        S&P: 6,632.19  -40.43           3/13

Fri 3-13-26 4:40 pm Wall Street closes lower, posts weekly loss as war on Iran fuels inflation worries | Reuters