Financial markets fall to new 2026 low as oil rises again

Financial markets extended a sharp sell-off at the end of the week, hitting a new low for the year, as the Iran war continues to drive anxiety among investors, businesses and consumers about how long the turmoil will last. The S&P 500, Nasdaq composite index and Dow Jones Industrial Average all finished the week lower, dropping sharply on Friday. The Nasdaq slid into correction territory Thursday, marking a drop of at least 10 percent from a recent peak, and fell more than 400 points Friday. The