U.S. stock markets suffered significant declines Friday, marking the fifth consecutive week of losses—the longest streak in nearly four years. The S&P 500 fell 1.7%, while the Dow Jones Industrial Average plummeted 793 points, entering correction territory with a decline exceeding 10% from last month’s record high.

Big Tech companies led the downturn, with Amazon dropping 3.1% and Meta Platforms falling 3.5%. The Nasdaq composite sank 2.1%, reflecting broader market anxiety over geopolitical tensions and rising oil prices.

The escalating Iran war has driven benchmark U.S. crude to $97.64 per barrel, with analysts warning prices could reach $200 if the Strait of Hormuz blockade persists through June. The OECD projects U.S. inflation to hit 4.2% in 2026 as energy costs ripple through the global economy.

Despite market turmoil, a Motley Fool survey indicates 58% of retail investors plan to increase stock holdings in 2026, particularly younger investors focused on artificial intelligence opportunities.