- US indices stumbled again. The S&P 500 fell a little over 2% over the past five trading days and is down about 7% from its late‑January high, marking its fifth consecutive weekly decline and its worst monthly stretch in more than three years. The Nasdaq 100 dropped more than 10% from its recent peak, confirming a correction amid heavy selling in large‑cap tech and AI beneficiaries.
Global stocks extended their recent slide this week as the Nasdaq slipped into correction territory and the S&P 500 racked up a fifth straight weekly loss. A grinding war in Iran, surging energy prices, and a Federal Reserve that is firmly on hold combined to pressure richly valued growth and AI names, while pushing investors toward energy, commodities, and more defensive corners of the market.
The most important story this week: a war‑driven energy shock is colliding with stretched tech valuations just as the Fed signals fewer rate cuts ahead, forcing a broader rethink of the post‑AI rally.
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