3 themes that gripped Wall Street as stocks drop for a 4th straight week
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By Morgan Chittum
Published on March 21, 2026.
The stock market experienced a fourth consecutive week of losses, with the S & P 500, Nasdaq, and Dow each falling roughly 2% for the week. The Iran War and wholesale inflation stoked economic concerns. The decline has kept the market in oversold territory for nine consecutive sessions. The Club bought Goldman Sachs and Boeing twice last week and also bought shares of Wells Fargo and Cardinal Health, which could rally on positive news. Meanwhile, Micron's Q4 revenue nearly tripled, but CEO Sanjay Mehrotra said that the company cannot deliver enough memory to major customers due to a severe global memory shortage. The rise in oil prices has been moving stocks in the opposite direction since the U.S. and Israel first attacked Iran three weeks ago. The Fed Chair Jerome Powell warned that inflation was not being brought down as quickly as hoped and predicted that the war-induced spike in oil will raise it in the near term. Nvidia's annual GTC developers event was a big deal for investors as it revealed new product announcements and new chip orders to hit $1 trillion.
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