The Dow and Nasdaq crossed into official correction territory as Q2 opened. Trump's threat to seize Kharg Island sent Brent to $115 — tracking a record monthly surge.
The Dow and Nasdaq crossed into official correction territory Friday. Trump's threat to seize Iran's Kharg Island sent Brent crude above $115 as Q2 opened.
Five straight weekly losses have left the S&P 500 just 2% from formal correction territory. JOLTS, retail sales, and the March jobs report arrive this week.
Nasdaq fell 3.23% — worst since April 2025 — as Meta shed 11% on court defeats, Micron dropped 15% post-earnings, and WTI crude closed at $99.64 on Hormuz disruption.
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