500 Closes

• The S&P 500 fell 1.8% Thursday, driven by disappointing earnings from major technology companies that missed analyst expectations on revenue growth and profitability. • Mega-cap tech stocks including those from leading AI companies dropped 2.3% collectively, erasing early-week gains as forward guidance pointed to slowing demand for enterprise AI solutions. • The sell-off extended to semiconductor and cloud infrastructure stocks, with the Nasdaq Composite declining 2.1%, signaling growing investor concerns about the sustainability of recent valuations.

The S&P 500 closed Friday at 6,632.19, down 0.61% for the day and marking its lowest level of 2026 so far, while the Dow Jones Industrial Average dropped 119.38 points. This weekly slide reflects broader concerns over escalating Middle East tensions impacting energy supply chains. Energy stocks like Exxon Mobil and Chevron surged over 20% year-to-date, offsetting losses in airlines such as American Airlines down 31%, highlighting sector divergence. Markets face heightened volatility next week depending on oil prices and geopolitical developments.

US equities experienced choppy trading during the week ending March 13, 2026, driven by Iran conflict headlines and oil price swings above $100 per barrel, with the S&P 500 closing just 4.4% below its January all-time high. The Dow Jones Industrial Average fell 1.66% for the week, 4.53% in March, and 2.51% year-to-date, while the Nasdaq declined 0.32% weekly but 3.89% year-to-date. This resilience amid elevated volatility underscores market concerns over prolonged geopolitical tensions impacting energy prices and growth. Investors anticipate continued headline-driven swings until tensions ease.