Nasdaq slides into correction amid Iran tensions and oil surge

What: The Nasdaq composite fell **4.2%** to **10,450.23** on March 27, 2026, entering a correction territory.
Why: The decline was triggered by escalating tensions with Iran and a surge in oil prices, which rose to **$72.50** per barrel.
Signal: The correction marks the Nasdaq's first decline of **4%** or more since **January 2025**.
Target: Analysts expect the Nasdaq to stabilize around **10,200** if the Iran tensions ease and oil prices retreat.
Risk: A further decline of **5%** or more could lead to a more significant market downturn, with investors bracing for potential losses.