The Dow Jones Industrial Average fell 793 points, entering a correction zone, while the S&P 500 declined for five consecutive weeks

The outlook for the Iran war remains unclear, and crude oil prices continue to rise, while U.S. stocks fell further on Friday. The Dow Jones Industrial Average dropped nearly 900 points at one point, closing down 793 points or 1.7% at 45,166 points, officially entering a correction zone with a cumulative decline of 10% from earlier highs. The NASDAQ also closed down 459 points or 2.2% at 20,948 points; the S&P 500 index fell 108 points or 1.7% to 6,368 points, marking a 7-month low.

Large tech stocks continued to weaken, with Amazon (AMZN.US) and Meta (META.US) down 4%, Microsoft (MSFT.US), Alphabet (GOOG.US), and NVIDIA (NVDA.US) falling over 2%. Tesla (TSLA.US) dropped 2.8%, and Apple (AAPL.US) fell 1.6%.

For the week, the S&P 500 index fell a total of 2.1%, marking five consecutive weeks of decline; the NASDAQ dropped 3.2%, and the Dow Jones fell about 1%