Stocks slide into correction
US equities are wobbling — the S&P 500 is at its lowest in over seven months and sits roughly 8.74% below the January all‑time high. (seekingalpha.com) The Dow plunged 793 points on Friday, officially entering correction territory, while Moody’s recession model is now flashing a warning signal for an imminent downturn. (ts2.tech) (fool.com)
U.S. large-cap indexes finished the week at headline levels: the S&P 500 closed at 6,368.85, the Dow at 45,166.64 and the Nasdaq at about 20,948.36. (cnbc.com) The major averages recorded a fifth straight weekly decline, marking the longest losing streak for the market since 2022 as investors fled riskier assets. (bloomberg.com) Brent crude jumped above $110 per barrel this week, with some benchmarks trading in the $112–114 range after disruptions in the Strait of Hormuz tightened global supply. (cnbc.com) Benchmark Treasury yields climbed to multimonth highs — the 10‑year note traded around the mid‑4% range, adding pressure to growth and technology valuations. (tradingeconomics.com) Big‑tech names led sector declines: Microsoft, Apple and NVIDIA were among the larger market‑cap losers on Friday as the Nasdaq‑heavy indexes sank further. (markets.businessinsider.com) Moody’s Analytics’ machine‑learning recession model has placed the 12‑month recession probability near 49%, and chief economist Mark Zandi warned that sustained oil shocks would make a downturn “difficult to avoid.” (forbes.com) Fund managers head into quarter‑end adjustments and a key U.S. jobs report on April 3, with strategists flagging both “window dressing” flows and the upcoming payrolls release as potential catalysts for further volatility. (schwab.com)
