News Summary

• The S&P 500 finished 1.7% lower in New York, capping its fifth straight weekly drop.
• The retreat pushed the US benchmark to its lowest in more than seven months.
• The tech-heavy Nasdaq 100 Index slid 1.9%, bringing its decline from its October peak to more than 10%.
• The Dow Jones Industrial Average also landed in correction territory as it tumbled1.7%.Brent crude oil prices jumped to $114 per barrel as the US and Israel bombed Iranian nuclear and steel facilities.