Brent crude topped $110. The Nasdaq is officially in correction. And for the first time since 2023, futures markets are pricing in a rate hike.
THE RUNDOWN
WAR › The Dow fell 793 points on Friday and entered correction territory for the first time since early 2023, joining the Nasdaq, which is now down 10.9% from its October high. Brent crude topped $112 after Iran turned back two China-owned container vessels from the Strait of Hormuz, per the WSJ. President Trump extended his deadline for Iran to reopen the strait by 10 days to April 6, calling talks “very well” while Iran denied any direct negotiations. Meanwhile, the Pentagon is weighing 10,000 additional ground troops to give Trump more military options.
🇺🇸 President Trump just said:”As per Iranian Government request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction by 10 Days to Monday, April 6, 2026, at 8 P.M., Eastern Time. Talks are ongoing” pic.twitter.com/l7i166KRUc
— Evan (@StockMKTNewz) March 26, 2026
🇺🇸 PRESIDENT TRUMP JUST SAID:– IRAN 🇮🇷 PERMITTED 8 OIL BOATS TO SET SAIL THROUGH THE STRAIT OF HORMUZ– IRAN APOLOGIZED FOR SOMETHING, THEN SENT TWO MORE BOATS; IRAN ENDED UP LETTING 10 BOATS THROUGH
— Evan (@StockMKTNewz) March 26, 2026
MARKETS › The S&P 500 posted its fifth straight weekly decline, falling 2.1% for the week and 6.8% for the month. If that holds, it’s the worst March since December 2022. Every single Magnificent 7 name is now down more than 10% from its highs. Citi cut its equity allocation to neutral, citing “most of our negative equity macro risk signals triggering.” Nineteen S&P 500 stocks hit new 52-week highs on Friday. The number hitting new lows was much longer.
This is how far the Magnificent 7 is down from their 52 WEEK HIGHS https://t.co/R4eVv3kIVp pic.twitter.com/F9i1L6bgza
— Evan (@StockMKTNewz) March 24, 2026
NASDAQ IN CORRECTION TERRITORYThe NASDAQ 100 …Full story available on Benzinga.com
