Steep Losses Send Dow Into Correction Territory
WSJ Minute Briefing
The Wall Street Journal
4.1 • 670 Ratings
🗓️ 27 March 2026
⏱️ 4 minutes
🧾️ Download transcript
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| 0:00.0 | Access to affordable credit helps me pay my employees, but I don't really need it. |
| 0:05.0 | Infliction is killing me! |
| 0:08.0 | But who cares? Big retailers are making record profits! |
| 0:12.0 | That's why we support the Durban Marshall Credit Card Bill! |
| 0:15.0 | See? Banks and credit unions help small businesses make payroll. |
| 0:18.0 | This bill would cut the vital resources they need. |
| 0:25.1 | While increasing megastore profits, they deserve it. Don't they? |
| 0:29.1 | Tell Congress, stop the Durban Marshall money grab for corporate megastores. |
| 0:31.2 | Paid for by the Electronic Payments Coalition. |
| 0:40.9 | Here's your closing bell brief for Friday, March 27th. I'm Catherine Sullivan for the Wall Street Journal. |
| 0:46.9 | U.S. stocks fell sharply again today as geopolitical tensions in the Middle East intensified. The NASDAQ lost more than 2%. The Dow dropped 1.7% to enter correction territory, or more than 10% off its high in February, |
| 0:57.1 | and the S&P 500 also dropped 1.7% today to close out its fifth straight week of losses. |
| 1:04.0 | Investors reacted to news of a potentially longer military confrontation between the United States and Iran. |
| 1:10.6 | Crude oil prices climbed 4% as the |
| 1:13.1 | conflict continued to threaten energy infrastructure. Gold prices rose 2.7% while the dollar edged |
| 1:19.3 | higher. Among individual companies, Lumentum shares rose 2%. The Laser Maker plans to build a new |
| 1:26.4 | manufacturing plant for artificial intelligence |
| 1:28.9 | data center components. Shares of AstraZeneca gained more than 2.5% in London trading. A new |
| 1:35.5 | lung disease drug met its primary goals in two late-stage clinical trials. Carnival shares dropped |
| 1:41.9 | 4% after the cruise line cut its full-year profit outlook. |
| 1:46.2 | Management blamed rising fuel costs driven by higher oil prices. |
| 1:50.7 | Meanwhile, shares of Norwegian cruise line fell nearly 7%. |
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