Dow Slides Nearly 800 Points, Enters Correction; S&P 500 Logs Fifth Straight Weekly Loss
U.S. stocks fell sharply on Friday, with the Dow Jones Industrial Average sliding nearly 800 points and moving into correction territory, as renewed disruption risk in the Strait of Hormuz kept Brent crude above $110 a barrel and reinforced investor concerns over energy supply. President Donald Trump’s latest comments did little to revive dip-buying appetite, leaving sentiment fragile into the close.
The 30-stock Dow was last down 792.67 points, or 1.72%. The S&P 500 fell 1.67%, while the Nasdaq Composite dropped 2.15%.
On a weekly basis, the S&P 500 posted its fifth consecutive decline, down roughly 2% for the week. The tech-heavy Nasdaq was off more than 3% week-to-date, while the blue-chip Dow was down nearly 1% over the same period.
Friday’s drop followed Thursday’s move that pushed the Nasdaq into correction territory, leaving it nearly 13% below its October record. The Dow also entered a correction intraday on Friday and stood about 10.5% below its 52-week high. The S&P 500 was down roughly 9% from its record high.
The market’s transmission channel remains clear: higher energy prices and supply-risk headlines raise inflation concerns and corporate cost pressure, undermining risk appetite across equities. Traders will keep watching developments around Hormuz, crude-price volatility, and whether risk-off positioning intensifies across major indices.
Source : Newsmaker.id
