US Stock Market This Week: Dow Enters Correction as S&P 500, Nasdaq Sink on Oil Shock
The Dow Jones Industrial Average fell 793.47 points Friday, entering correction territory as U.S. stocks closed at seven-month lows and capped five straight weekly losses. Megacap tech and consumer shares led declines, with Nvidia down 2.2% and Amazon off 4%. Oil prices surged amid Middle East tensions, while consumer sentiment dropped and inflation expectations rose.