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S&P 500 closed at its 2026 low of 6,632 as US Q4 GDP was revised down to 0.7% — the weakest quarter since 2020 — with Brent crude above $100 on Day 13 of the Strait of Hormuz closure.

S&P 500 confirmed its first correction since 2023 with a -10.8% slide from the February ATH as oil held above $101 a barrel for a second straight session amid the Hormuz crisis on Friday the 13th.

S&P 500 confirmed correction at −10.8% from its February ATH as Brent crude held above $100 for a second session, Hormuz entered Day 13 with no resolution, and Core PCE anchored stubbornly at 3.0% leaving the Fed paralyzed.

S&P 500 confirmed official correction territory down 10.8% from its February ATH as PCE held at 3.0%, Brent crude clung above $101, and the Hormuz crisis entered Day 13 on Friday the 13th.

PCE inflation printed in-line at 3.0% but failed to lift stocks as Brent crude held above $100 and the S&P 500 remained deep in correction territory on Friday the 13th.

S&P futures slipped on PCE inflation data due at 8:30 AM as Brent crude held near $100 overnight, Trump demanded Powell cut rates 'immediately,' and Friday the 13th opened on Wall Street's most anxious pre-dawn of the Iran war.