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S&P 500 falls to new low for year on Iran oil crisis, posts third-straight losing week
https://www.cnbc.com/2026/03/12/stock-market-today-live-updates.htmlThe S&P 500 fell on Friday, while oil prices extended their gains as investors awaited further developments in the Iran war.
The broad-based index shed 0.61%, putting it 5% below its recent high and closing at 6,632.19. The Nasdaq Composite declined 0.93% to end at 22,105.36. The Dow Jones Industrial Average shed 119.38 points, or 0.26%, and settled at 46,558.47.
The S&P 500, which scored a new low for 2026 on Friday, posted a 1.6% loss this week, posting its first three-week losing streak in about a year. The 30-stock Dow slid about 2%, while the tech-heavy Nasdaq fell 1.3% week to date.
The recent rally in oil prices continued on Friday. West Texas Intermediate crude futures settled up 3.11% at $98.71 per barrel. Brent futures settled higher by 2.67% at $103.14 a barrel. Brent had closed above $100 for the first time since August 2022 on Thursday.
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