Stock Market Today: Dow, S&P Live Updates for March 27
Bloomberg.com • • general
Key Points:
- Wall Street stocks declined sharply ahead of the weekend due to concerns that an extended conflict in Iran will keep oil prices high, driving inflation up and slowing economic growth.
- The S&P 500 dropped nearly 1.5%, heading toward its longest weekly losing streak since 2022, while the Nasdaq 100 entered correction territory after falling 10% from its peak.
- Brent crude oil prices rose to $112 per barrel amid geopolitical tensions, contributing to market uncertainty.
- Treasury 10-year yields approached their highest levels since July, reflecting investor caution and inflation expectations.
- The Japanese yen weakened to 160 against the dollar for the first time since 2024, increasing the likelihood of currency intervention by authorities.
