Oil markets brace for longer turmoil in the Gulf
This is a good time to take risk off the table — and these stock-market charts prove it.
Stocks in the semiconductor value chain were weak on Thursday.
6780 was breached over the past trading sessions, signaling that a larger correction is underway. However, the type of correction can allow for 7120 to be reached before we see a multi-month decline.
The S&P 500 finished the week at its lowest close since mid-December. The index finished the week with a loss of -2.0%, its largest in nearly five months, and is now 3.42% off its all-time high from January 27, 2026.
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Iran and oil may have broken the stock market — but the cracks were already visible.
Lumentum and Coherent have market caps of more than $40 billion, well above the threshold for S&P 500 inclusion.
A disappointing Friday employment report helped send stocks down further, with cruise operators hammered
Stocks of gold miners and computer-memory makers were hit especially hard, while Best Buy led the S&P 500 with a gain after its earnings report.
The firm's flagship multistrategy Wellington fund rose 1.9% in February, bringing its year-to-date gain to 2.9%.
The S&P 500 slipped back below its 50-day moving average to end the week, marking the index's seventh cross of the key trendline this February. The index finished the week with a loss of -0.4% and is now 1.43% off its all-time high from January 27, 2026.