S&P 500 Drops Two Percent As Iran War Sends Oil Prices Up

Ironman at Political Calculations3.39K FollowersFollow5ShareSavePlay(12min)CommentsSummaryThe S&P 500 declined 2.0% from its previous week's close to end the trading week at 6,740.02.Although geopolitics delivered the week's biggest news, other news influenced investor expectations of the future as well.The Atlanta Fed's GDPNow tool forecast of real GDP growth in 2026-Q1 dropped to +2.1%, down from the +3.0% growth anticipated a week earlier. Funtap/iStock via Getty Images Geopolitical events dominated the first trading week of March 2026. The start of U.S. and Israeli military operations against Iran prompted a sharp rise in oil prices as Iran's military launched ballistic missile attacks againstThis article was written byIronman at Political Calculations3.39K FollowersFollowIronman is the alias of the blogger at Political Calculations, a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics. We should acknowledge that Ironman is either formerly or currently, and quite possibly, simultaneously employed as some kind of engineer, researcher, analyst, rocket scientist, editor and perhaps as a teacher of some kind or another. The scary thing is that's not even close to being a full list of Ironman's professions and we should potentially acknowledge that Ironman may or may not be one person. We'll leave it to our readers to sort out which Ironman might behind any of the posts that do appear here or comments that appear elsewhere on the web!