The latest choppy trading follows heavy turbulence in the market earlier in the week, which has the major indexes headed for their third straight losing week.

Since the start of the war, sharp moves for oil prices have cascaded through financial markets worldwide and caused big swings up and down.

Investors remained wary of the impact of the U.S.-Iran war on oil prices throughout the day.

With no resolution in sight, the war with Iran is sending shockwaves through global markets, dragging stocks lower worldwide.

The Dow Jones Industrial Average fell more than 700 points on Thursday, notching its lowest closing level in 2026.

Oil prices moderated somewhat after the U.S. issued a 30-day license for countries to buy sanctioned Russian oil and petroleum products that were stranded at sea.

The major indexes are still on pace for their third straight losing week.

The latest choppy trading follows heavy turbulence in the market earlier in the week, which has the major indexes headed for their third straight losing week.

The moves come after the S&P 500 notched its third losing week in a row and closed at its lowest level of the year on Friday.