Business
Markets on the Brink of a Correction as Iran War Rages On. Stock Futures Fall.
Stocks are nearing their first correction in about a year as the Iran war drives up oil prices and sparks worries about a resurgence in inflation.
Futures tracking the Dow Jones Industrial Average fell 235 points, or 0.5%, on Monday. S&P 500 futures were 0.6% lower and contracts tied to the tech-heavy Nasdaq 100 tumbled 0.7%.
The three major indexes have tumbled for four weeks in a row, putting them on the brink of closing in correction territory. A correction is when an index falls 10% from its recent high.
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