Wall Street’s losses deepened as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy.
After briefly easing early Friday, crude oil prices rose again, bringing the benchmark oil price back above $100 a barrel.
The S&P 500 fell 0.6%. The Dow Jones Industrial Average lost 0.3% and the Nasdaq composite dropped 0.9%.
A measure of inflation closely monitored by the Federal Reserve moved higher in January, even before the war with Iran sent energy prices higher.
On Friday:
The S&P 500 fell 40.43 points, or 0.6%, to 6,632.19.
The Dow Jones Industrial Average fell 119.38 points, or 0.3%, to 46,558.47.
The Nasdaq composite fell 206.62 points, or 0.9%, to 22,105.36.
The Russell 2000 index of smaller companies fell 8.94 points, or 0.4% to 2,480.05.
For the week:
The S&P 500 is down 107.83 points, or 1.6%.
The Dow is down 943.08 points, or 2%.
The Nasdaq is down 282.32 points, or 1.3%.
The Russell 2000 is down 45.25 points, or 1.8%.
For the year:
The S&P 500 is down 213.31 points, or 3.1%.
The Dow is down 1,504.82 points, or 3.1%.
The Nasdaq is down 1,136.63 points, or 4.9%.
The Russell 2000 is down 1.86 points, or 0.1%.
Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
“Powerful, moving, and exhilarating” Read moreSongs For A New World
All are invited to attend this silent, unprogrammed meeting where we listen for the spirit o… Read moreSan Mateo Quakers
Join us for this fun community gathering. There will be a resource fair, music and a raffle.… Read moreBelmont Senior Showcase
Art Without An Artist: Can AI Be Considered An Artist? Read moreART WITHOUT AN ARTIST: Can AI be Considered an Artist?
Ready to dive into the world of Accessory Dwelling Units? Join us in person for a casual, in… Read moreBuild Your ADU Seminar: From Permits to Keys
Exclusive film screening in San Mateo Read moreA LITTLE FELLOW: THE LEGACY OF A.P.GIANNINI
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.