With the end of the Iran war nowhere in sight and oil prices on fire, US stocks crashed into the close of trading on Friday. The tech-heavy Nasdaq stock market index fell 2.2 percent on the day, taking it into correction territory - that’s down more than 10 percent - for the first time since March 2025. Oil prices were off their worst levels on Friday after a tumultuous week: European oil prices had surged more than 13 percent higher at one point, but exited the week up only 7.2 percent - around $107 - while US oil prices rose 2 percent - to around $97. The Nasdaq Composite is an index of the 100 top stocks on the Nasdaq stock exchange, and includes many leading high-growth tech companies. All three leading stock market averages posted their fourth losing week in a row.

Source: Daily Mail March 21, 2026 15:03 UTC