MARKET UPDATE | March 23, 2026
- James C. McGrath
- Mar 23
- 1 min read
The S&P 500 fell 1.9% last week, marking its fourth consecutive weekly decline as the conflict in Iran intensified. The index closed at 6,506.48, leaving it down 5.4% in March and 5% year to date. Escalating tensions, including increased U.S. military presence and continued disruption in the Strait of Hormuz, pushed oil prices higher and fueled inflation concerns. Supporting this, data showed U.S. producer prices rose at the fastest pace in seven months, while the Federal Reserve held policy steady, citing uncertainty tied to geopolitical developments.
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