US Stocks Retreat on Thursday
2026-03-26 13:39
By
Andre Joaquim
1 min. read
US stocks were firmly lower on Thursday, cutting this week's rebound as assessed strikes in the Middle East and the magnitude of inflationary risks from stemming from the conflict.
The S&P 500 and the Nasdaq 100 were 1% lower, while the defensive Dow lost a softer 0.4%.
Tehran rejected the US push for ceasefire talks, dimming expectations of a near end to the war and supporting positions that energy exports from the Strait of Hormuz will remain halted.
Treasury yields rebounded as energy prices rose further, impacting speculative AI stocks.
Tesla, Microsoft, Amazon, and Meta dropped between 3% and 1.5%.
Also, memory chips dropped after Alphabet publicized research of more efficient AI models, driving Lam Research and Applied Materials to sink 4%.
Meanwhile, Jefferies inched higher despite flagging problems from private credit in its earnings.
Equitable Holdings and Corbridge were both around 2% higher after announcing an all-stock merger deal at a combined value of $22 billion.