Weekly Market Recap: Friday, March 27, 2026 — Market Analysis

Key Themes This Week

• •Major U.S. stock indexes suffered their fifth consecutive weekly decline as escalating conflict in Iran and the closure of the Strait of Hormuz pushed oil prices above $99 per barrel, raising stagflation concerns.
• •The Dow Jones Industrial Average fell into correction territory, dropping more than 10% from recent highs, while the Nasdaq extended losses after entering correction last week, reflecting broad risk-off sentiment.
• •Energy stocks emerged as the week's clear winner, surging on elevated oil prices, while technology shares faced heavy selling pressure as investors rotated away from growth stocks amid rising volatility and inflation fears.