US Stocks Fall Deeper on Friday
2026-03-27 18:48
By
Felipe Alarcon
1 min. read
US equity indices closed sharply lower on Friday, as escalating Middle East tensions and surging energy costs intensified a broad market sell-off.
The Dow Jones tumbled 1.4% to fall over 10% below its recent high while the Nasdaq extended its own correction after sliding 1.9% and the S&P 500 lost 1.4%.
Tech heavyweights remained under significant pressure with Nvidia dropping 2.2%, Microsoft falling 2.5%, and Alphabet shedding 2.5%, while Meta saw steeper declines of 4% amid shifting risk sentiment.
Financial and credit sensitive stocks also struggled as JPMorgan fell 3% and Visa lost 3.3% while energy giants like Exxon Mobil bucked the trend by gaining 3.5% as WTI crude futures topped $99 per barrel.
Although President Trump extended the strike deadline on Iranian infrastructure to April 6th the closure of the Strait of Hormuz continues to fuel global stagflation fears and cement expectations of a fifth straight weekly loss.