Marcus SchulerNasdaq enters correction territory with 3.23% weekly drop - worst since April. Oil past $110 as Iran squeezes Strait of Hormuz, pushing OECD inflation forecasts to 4.2%. Meta down 11% on $375M child safety verdict. Magnificent Seven shed $850B combined. Energy costs bleeding into broader market conditions.
Nasdaq Posts Worst Week Since April 2025 on Oil, Meta Woes
The Nasdaq dropped 3.23% this week, wiping more than $850 billion from the Magnificent Seven alone. Oil surged past $110 on Iran's Strait of Hormuz blockade. Meta shed 11% after a $375 million child safety verdict and a separate addiction ruling in California. Google's TurboQuant sent Micron down 15