Dow drops 800 points as S&P 500 posts fifth weekly loss
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- Dow plummeted almost 800 points, officially entering correction territory (CNBC).
- S&P 500 recorded its fifth straight losing week, marking its longest weekly losing streak in four years (CNBC, CNN).
- Nasdaq also moved into correction territory, reflecting broader market anxieties (N).
- Oil prices settled at highs last seen during the Iran war, indicating the market's concern over geopolitical tensions (CNN).
Why it matters: Geopolitical fears are driving significant market corrections, impacting investor portfolios globally.
