Nasdaq Drops Into Correction as AI Trade Cracks, Markets React
The Nasdaq 100 fell into correction territory on March 27, 2026, as cracks emerged in the artificial intelligence trade that had driven markets higher. President Trump gave Iran a 10-day deadline to strike a deal or face more strikes, escalating Middle East tensions. Private credit markets also face stress testing, with Oaktree holding firm on withdrawal restrictions, according to Morgan Stanley's Vishy Tirupattur.
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Strikes escalate across the Middle East as President Trump gives Iran 10 days to strike a deal or face more attacks. Markets react fast the Nasdaq 100 falls into correction territory as cracks form in the AI trade. And private credit faces a real-time stress test, with Oaktree standing firm on withdrawals. Morgan Stanley’s Vishy Tirupattur breaks down the risks and why the system may hold. Plus, economists unpack how the Iran conflict could reshape global growth, and why the energy crisis may accelerate the push toward nuclear power. (Source: Bloomberg)