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.
Weekly Market Update: War, Oil and a Fed on…
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.