{"id":37736,"date":"2026-03-26T21:14:17","date_gmt":"2026-03-26T21:14:17","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/37736\/"},"modified":"2026-03-26T21:14:17","modified_gmt":"2026-03-26T21:14:17","slug":"dow-sp-500-sink-nasdaq-enters-correction-territory-as-oil-spikes-amid-iran-war","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/37736\/","title":{"rendered":"Dow, S&P 500 sink, Nasdaq enters correction territory as oil spikes amid Iran war"},"content":{"rendered":"\n

Stocks continued to drift lower on Thursday afternoon after President Trump stated that the current market turmoil isn’t as punishing as he expected.<\/p>\n

\u201cFrankly, I thought the oil prices would go up more, and I thought the stock market would go down more,\u201d Trump said in a Cabinet meeting on Thursday. \u201c[The market reaction] hasn\u2019t been nearly as severe as I thought.\u201d<\/p>\n

In the meeting, Trump touted that the Dow surpassed 50,000 and that the S&P 500 hit 7,000 earlier this year.<\/p>\n

But those milestones were extremely brief: The S&P never closed above the 7,000 intraday high, and the Dow spent just four days above its high-water mark.<\/p>\n

Currently, the S&P 500 is trading about 6.5% off its intraday high of 7,002 reached in late January. It entered a pullback \u2014 a 5% drawdown from recent highs \u2014 two weeks ago and came closer to entering a correction \u2014 a 10% decline \u2014 last Friday<\/a>. The Dow is trading 7.9% off its all-time closing high of 50,188.<\/p>\n

Still, when Trump said Thursday that market pullback would be a “short-term hit” leading to higher stock prices in the future, history suggests he has a point.<\/p>\n

Argus analysts pointed out in a note on Thursday (premium users can download it here<\/a>) that pullbacks occur frequently, and the average time for the market to recover has been one month. For a correction, the analysts said, it may take four months \u2014 however, it depends on the market fundamentals at the time.<\/p>\n

Although the Iran war clouds the market outlook in the near term, Argus expects oil prices and interest rates to fall once the conflict ends.<\/p>\n

“Overall, we remain optimistic that stocks can post gains in 2026,” the analysts wrote, “though our base case outlook calls for single-digit returns, not the 15%-25% returns investors have enjoyed for the past three years.”<\/p>\n","protected":false},"excerpt":{"rendered":"Stocks continued to drift lower on Thursday afternoon after President Trump stated that the current market turmoil isn’t…\n","protected":false},"author":2,"featured_media":37737,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6827,16592,573,34,572,16594,16593],"class_list":{"0":"post-37736","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iran","8":"tag-big-tech","9":"tag-correction-territory","10":"tag-dow-jones-industrial-average","11":"tag-iran","12":"tag-nasdaq-composite","13":"tag-semiconductor-stocks","14":"tag-wall-street-stocks"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116297548694213350","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/37736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=37736"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/37736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/37737"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=37736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=37736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=37736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}