Dow Falls Sharply, Landing in Correction Territory

Market Overview - U.S. stocks are under pressure, with the Nasdaq composite entering correction territory and the S&P 500 on track for its fifth consecutive weekly decline, marking the longest losing streak in nearly four years [2] - The Dow industrials dropped approximately 350 points, now about 9% below its all-time high reached in February [2] Oil and Bond Markets - Oil prices have resumed their upward trend, with Brent futures trading near $104 per barrel [3] - Global bond yields have increased, with the 10-year Treasury yield surpassing 4.44% [3] - The U.S. dollar has shown slight appreciation [3] Geopolitical Factors - Investors remain cautious despite President Trump's decision to pause strikes on Iran's energy sector for an additional 10 days to facilitate negotiations [4] - The Pentagon is reportedly considering deploying up to 10,000 additional ground troops to the Middle East, providing Trump with more military options while he contemplates peace talks [4] Gold Market - Gold prices have increased after experiencing declines in 10 of the previous 12 sessions, having erased nearly all gains made in 2026 [4] - At its peak in January, gold was up nearly 23% for the year [4]