Stock Futures Slide Ahead of Holiday Week

Dow, Nasdaq enter correction territory as war in Iran drags on

Mar. 29, 2026 at 10:03pm

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U.S. stock futures fell on Sunday evening as investors prepare for a holiday-shortened trading week. The Dow Jones Industrial Average and Nasdaq Composite both entered correction territory on Friday, with the Dow tumbling nearly 800 points. Investors are growing increasingly uneasy about the real-world fallout from the ongoing war in Iran, now in its fifth week.

Why it matters

The market volatility and correction signals broader economic uncertainty as the war in Iran continues without a clear resolution. Investors are concerned about the potential impact on sectors like technology and consumer goods, with major companies like Nike, McCormick, and Conagra Brands set to report earnings this week.

The details

Futures tied to the Dow Jones Industrial Average dropped 293 points, or 0.7%, while S&P 500 and Nasdaq 100 futures fell 0.6% and 0.7% respectively. The Dow closed down 793.47 points on Friday, pulling it into correction territory, defined as a 10% drop from recent highs. The Nasdaq had entered correction the previous day. Analysts say investors are 'throwing the baby out with the bathwater' and that the sell-off presents opportunities to buy quality stocks on sale.

  • The market will be closed on Friday, April 7, 2026 in observance of Good Friday.
  • The March jobs report is scheduled for release on Friday, April 7, 2026.
  • The Job Openings and Labor Turnover Survey (JOLTS) and the ADP Employment Survey are due out earlier in the week.

The players

Dow Jones Industrial Average

A stock market index that tracks 30 large U.S. publicly traded companies.

Nasdaq Composite

A stock market index that includes over 3,000 stocks listed on the Nasdaq stock exchange.

Cameron Dawson

Chief investment officer at NewEdge Wealth.

Nike

An American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services.

McCormick & Co.

An American food company that manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry.

Conagra Brands

An American consumer packaged goods food company that produces and sells branded and private label food products.

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What they’re saying

“If you look at the degree of the downside and how correlated all those stocks have been, it's likely that we are throwing the baby out with the bathwater. So it's a great opportunity to be sharpening the pencils to say, what are the areas that will be more immune to something like AI disruption and are on sale — not just because of AI fears, but also because of these war fears.”

— Cameron Dawson, Chief Investment Officer, NewEdge Wealth

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

The market volatility and correction signals broader economic uncertainty as the war in Iran continues without a clear resolution. Investors are concerned about the potential impact on sectors like technology and consumer goods, with major companies set to report earnings this week.