US: Stocks tumble, Dow confirms correction territory, as Middle East tensions drag
US stocks tumbled on Friday, with the Dow confirming it was in correction territory due to ongoing Middle East tensions. The Dow, S&P 500, and Nasdaq each suffered their fifth straight weekly decline, with the Dow down over 10% from its record close in February.
US stocks fell on Friday, with the Dow, S&P 500, and Nasdaq closing at their lowest levels in over seven months. The Dow is now down over 10% from its February record close, confirming a correction. US crude and Brent rose, but were little changed on the week. The Dow Jones Industrial Average fell 793.47 points, or 1.7%, to 45,166.64. The S&P 500 lost 108.31 points, or 1.7%, to 6,368.85, and the Nasdaq Composite lost 459.72 points, or 2.2%, to 20,948.36. The CBOE Volatility Index was up 3.61 points to close at 31.05, its highest close since April 21.
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