Stocks

Wall Street Review: Stocks Fall for 5th Week; Dow, Nasdaq Slip Into Correction

An analyst said the stock market remains highly correlated with oil prices, moving in opposite directions. ‘It’s that simple an explanation for right now.’
Wall Street Review: Stocks Fall for 5th Week; Dow, Nasdaq Slip Into Correction
Traders work on the floor of the New York Stock Exchange on March 27, 2026. Spencer Platt/Getty Images
Panos Mourdoukoutas
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U.S. stocks declined for a fifth consecutive week, marking the longest losing streak since 2022, as higher oil prices, elevated Treasury yields, and renewed concerns about the disruptive impact of artificial intelligence (AI) on the technology sector reduced investor appetite for risk assets. Both the Dow Jones Industrial Average and the Nasdaq Composite fell into correction territory—about 10 percent below their recent peaks.

For the week, the Dow fell by 0.90 percent to 45,166, ending at its weekly low. The S&P 500 dropped by 2.12 percent to 6,368, also closing near the low of the week. The Nasdaq suffered the steepest loss, falling by 3.23 percent, while the Russell 2000 managed a modest 0.42 percent gain.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”