The Dow and Nasdaq fell around 2% each last week, while the S&P 500 lost 1.5%.

U.S. stocks fell for a fourth week in a row, with the Nasdaq and Dow falling near correction territory. More Mideast fighting sent oil prices up again.

European stocks are expected to start the new trading week sharply lower as the war in Iran drags on global market sentiment.

The Dow and Nasdaq fell around 2% each last week, while the S&P 500 lost 1.5%.

The major averages staged a relief rally on Monday after President Trump said that the U.S. and Iran have had "productive" talks.

On Wednesday, the major averages rose on traders' hopes that there would soon be a resolution to the conflict in the Middle East.