S&P 500 at Correction Edge — Five Weeks Down, A Crucial Data Week Ahead
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.
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.
All three major indexes fell Friday — S&P −1.67% to 6,368, Dow −793 points, Nasdaq −2.15% — as gold surged 2.59% to $4,489.70 and Brent crude held above $114 on persistent Iran tensions.
The 10-year note climbs to 4.37% as Iran rejects direct negotiations, back-to-back Treasury auctions clear at concession, and the Fed holds firm amid oil-driven inflation risk.
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