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DJIA Closes Down 469 Points, Nasdaq Falls 2.4% into Correction Territory; Meta Drops 8% Leading Decline
2026-03-27 04:06:31
Iran rejected the US ceasefire proposal and presented five major demands, while US President Donald Trump threatened to escalate the conflict, leading to continued increases in oil prices and expanded declines in US stocks on Thursday. The DJIA closed down 469 points or 1% at 45,960 points. The Nasdaq plummeted 521 points or 2.4% to 21,408 points, falling 10% from its earlier peak into correction territory; the S&P 500 index closed down 114 points or 1.7% at 6,477 points.

The Los Angeles court ruled that Meta (META.US) and YouTube were negligent in a social media addiction case and must pay damages, with Meta dropping 8% and Alphabet (GOOG.US) falling 3.1%.

Chip stocks plunged, with Micron (MU.US) and AMD (AMD.US) both down 7%, Intel (INTC.US) down 6.5%, and NVIDIA (NVDA.US) down 4.2%. Amazon (AMZN.US) and Microsoft (MSFT.US) both fell over 1%, while Apple (AAPL.US) remained stable.

Social media platform Snapchat is under investigation by the EU, with parent company Snap (SNAP.US) dropping 10.7%.

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