Stocks sink, Wall Street's 'fear gauge' spikes as Iran war continues

Wall Street sold off as oil jumped and the Iran war continued with no end in sight on March 27. Two of the major U.S. indexes are now in correction territory, which is defined as a decline of more than 10% from a recent high. The Dow Jones Industrial Average slid nearly 800 points to close 1.7% lower for the day, and 10% off a recent peak. The Nasdaq Composite Index closed 2.15% lower, down more than 11% from a high set last October. The S&P 500 closed down 1.6%. The 10-year U.S. Treasury note, meanwhil ...