US Stock Indices Drop to Near 7-Month Lows
2026-03-27 13:37
By
Andre Joaquim
1 min. read
US equity indices fell to their lowest in nearly seven months on Friday as war in the Middle East and further trade disruptions heightened stagflation risks.
The S&P 500, Dow, and Nasdaq 100 fell around 0.7%.
President Trump extended the halt of attacks on Iranian energy infrastructure, but blasts in the region dented tanker flows through the Strait of Hormuz.
The surge in energy prices had already dimmed expectations of a Fed rate cut this year, while magnified after China opened a trade probe against the US in retaliation to tariffs by Washington.
Tech giants were firmly lower as the pullback in risk positioning dented confidence in speculative AI positions.
Tesla, Microsoft, and Oracle fell close to 2%, while Alphabet sank 3.5%.
In the meantime, memory chips dropped further as new research from Alphabet promoted AI models with less compute.
Also, Meta dropped nearly 10% since Wednesday on layoffs and a court decision that labeled its social media as addictive.