US Stock Market | Stocks tumble, Dow confirms correction territory, as Middle East tensions drag

Rising crude oil prices due to Middle East tensions will negatively impact Indian auto and other manufacturing sectors due to higher input costs. Global risk aversion could also lead to FII outflows, affecting overall market liquidity and sentiment.

• •U.S. stocks plunged Friday, with major indexes hitting seven-month lows.
• •The Dow entered correction territory, down over 10% from its record high.
• •Middle East war continued to suppress risk appetite.
• •Rising oil prices fueled inflation fears, dampening hopes for Fed rate cuts.
• •Risk flag: Further escalation of Middle East conflict