S&P 500 Falls As Oil Prices Spike

Ironman at Political Calculations3.39K FollowersFollow5ShareSavePlay(10min)Comment(1)SummaryThe S&P 500 dropped another 1.6% during the second trading week of March 2026, closing at 6,632.19 on Friday, 13 March 2026.Stock prices continued falling during this week as oil prices surged over $100 per barrel because of the Islamic Republic of Iran's efforts to close the Hormuz Strait in response to U.S. and Israeli military action against its government.The Atlanta Fed's GDPNow tool forecast of real GDP growth in 2026-Q1 jumped to +2.7%, rebounding from the +2.1% growth anticipated a week earlier. honglouwawa/iStock via Getty Images The S&P 500 (SPX) dropped another 1.6% during the second trading week of March 2026, closing at 6,632.19 on Friday, 13 March 2026. The index is five percent below its 27 January 2026 record highThis 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!