By William Collins, consultant in stock markets – Eurasia Business News, March 27, 2026. Article no 2063
U.S. stocks were under pressure today as Middle East tensions continued to weigh on sentiment, with the S&P 500 down about 1.6% intraday and the Nasdaq also lower. The Nasdaq had already tumbled more than 2% the previous day, confirming a correction, while the S&P 500 and Dow also fell more than 1%, closing – 1.7%.
The Nasdaq slumped 3.23% this week, its worst drop since April 2025.
Meta slid more than 11% after two court defeats, and Micron fell more than 15% as investors rotated out of the memory company following a huge pop.
Google parent Alphabet fell nearly 9% and Microsoft sank almost 7% this week, while Nvidia and Amazon slipped about 3% each. Tesla slid almost 2%.
The selloff was tied to escalating conflict in the Middle East, which lifted oil prices and pushed investors toward safer assets. Reuters and market data showed that the S&P 500 was near a six-month low and the Nasdaq was under similar pressure as risk appetite faded.
The S&P 500 meanwhile is on track for its worst monthly performance since 2022.
Treasury yields topped multi-month highs. The 10-year Treasury yield (US10Y) added 2 basis points to 4.43%, while the 2-year yield (US2Y) dipped 7 basis points to 3.90%. The 30-year yield (US30Y) climbed 4 basis points to 4.97%.
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Oil prices surged today, the March 27, driven by escalating tensions in the Middle East and continued uncertainty over the closure of the Strait of Hormuz.
On the Middle East conflict front, President Trump described talks with Tehran as “going very well.” However, an Iranian official dismissed a reported U.S. proposal to end the conflict as “one-sided and unfair.”
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Spot gold last traded at $4,525.70 an ounce, up more than 3% on the day and 0.65% from last Friday.
Spot price of silver was trading around $70.50 – $71.30 per ounce.
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© Copyright 2026 – Eurasia Business News. Article no. 2063
Eurasia Business News 