Anonymous7 days ago
The Dow Jones Industrial Average and Nasdaq Composite have both entered correction territory—down more than 10% from recent peaks—as the U.S.-Iran conflict and effective closure of the Strait of Hormuz drive oil prices above $110 per barrel and trigger the largest global energy supply disruption on record. With $13 trillion in 401(k) assets heavily exposed to equities, the correction's trajectory now hinges on whether ceasefire negotiations succeed before elevated energy costs permanently damage corporate earnings and consumer spending.