Stock Slump Deepens as Brent Crude Climbs

6 days ago 4

Caitlin McCabe

Fri, March 27, 2026 astatine 11:34 AM CDT 1 min read

U.S. stocks faced further unit aft Thursday’s selloff contempt President Trump’s determination to intermission strikes connected Iran’s vigor assemblage by different 10 days.

Stock indexes moved astir 1% little connected Friday, extending a slump that sent the Nasdaq composite into correction territory. The S&P 500 is connected gait to adjacent little for its 5th consecutive week, successful what would beryllium its longest play losing streak successful astir 4 years. The Dow industrials fell astir 350 points, putting it astir 9% beneath its alltime precocious successful February.

Oil prices resumed their climb, with Brent futures trading adjacent $104 a barrel. Global enslaved yields besides rose, with the 10-year Treasury output trading supra 4.44%. The dollar edged higher.

Investors stay wary contempt Trump’s intermission connected vigor strikes to let clip for negotiations. The Pentagon is looking astatine sending up to 10,000 further crushed troops to the Middle East to springiness Trump much subject options adjacent arsenic helium weighs bid talks, The Wall Street Journal reported Thursday.

Gold rose, aft dropping successful 10 of the past 12 sessions. As of Thursday’s close, the precious metallic had erased astir each of its 2026 gains. Gold was up astir 23% for the twelvemonth astatine its January peak.

Write to Caitlin McCabe astatine [email protected]

Jeep Cherokee Production Halted Over Supplier Dispute
Sheryl Sandberg’s Lean In Sheds Quarter of Staff, Will Focus connected Manosphere Fight
Pernod Ricard successful Talks to Combine With Jack Daniel’s Maker Brown-Forman
Wall Street Pays Out Record Bonuses, Nearing $250,000 connected Average
Elon Musk’s X Restructures Ahead of SpaceX IPO