Markets close out fifth losing week as war‑driven oil shock hits tech and sentiment

If your portfolio feels like it’s been bleeding for weeks, you’re not imagining it: U.S. stocks just logged a fifth straight weekly loss, with the S&P 500 and Dow deeper into correction and the Nasdaq already there. The Iran war–driven spike in oil, a jump in volatility, and very weak market breadth pushed investors further into “risk-off” mode, selling tech, banks, and consumer names while crowding into energy and defensive stocks. At the same time, consumer confidence slid and bond markets flashed their own stress, raising questions about how long spending and the “safe” side of portfolios can hold up. The next moves in oil, the war, and the Fed’s messaging will be the key signals for near‑term risk.