S&P 500, Nasdaq Slide to 4-Month Lows
2026-03-19 13:37
By
Andre Joaquim
1 min. read
US equity indices fell to their lowest in four months on Thursday as the ongoing surge in energy prices risked stagflation in the US economy.
The S&P 500 fell 0.8% and the Nasdaq dropped 1%, while the Dow dropped over 200 points.
Oil and natural gas benchmarks across the globe rose further following Iranian strikes on Qatari and Saudi energy infrastructure, magnifying the pro-inflationary risks since the start of the war.
Such risks are combined with an already hot PPI reading for February before the start of the conflict, prompting a group of FOMC members to project no rate cuts this year despite signs of a softer labor market.
Companies with exposure to the AI space were mostly lower after Micron forecasted higher spending plans, which offset their strong earnings from higher memory profits.
Its shares tanked 7%, while Nvidia and Broadcom dropped over 2%.