U.S. stocks closed out their worst week since the Iran war began and their fifth losing week in a row.
The S&P 500 fell 1.7 percent and is now 8.7 percent below the all-time high it reached in January. The Dow Jones Industrial Average dropped 1.7 percent, and the Nasdaq composite sank 2.1 percent.
Crude oil prices rose again with no clear end in sight for the conflict.
Investors fear that the war will disrupt the Persian Gulf’s energy industry for a long time, setting off a punishing wave of global inflation by keeping large amounts of oil and natural gas out of global markets.
On Friday:
The S&P 500 fell 108.31 points, or 1.7 percent, to 6,368.85.
The Dow Jones Industrial Average fell 793.47 points, or 1.7 percent, to 45,166.64.
The Nasdaq composite fell 459.72 points, or 2.1 percent, to 20,948.36.
The Russell 2000 index of smaller companies fell 43.63 points, or 1.7 percent to 2,449.70.
For the week:
The S&P 500 is down 137.63 points, or 2.1 percent.
The Dow is down 410.83 points, or 1.7 percent.
The Nasdaq is down 699.25 points, or 3.2 percent.
The Russell 2000 is up 11.24 points, or 0.5 percent.
For the year:
The S&P 500 is down 476.65 points, or 7 percent.
The Dow is down 2,896.65 points, or 6 percent.
The Nasdaq is down 2,293.63 points, or 9.9 percent.
The Russell 2000 is down 32.21 points, or 1.3 percent.
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