Market Update Amid Iran Conflict
As of March 30, 2026, both the Nasdaq Composite and the Dow Jones Industrial Average have entered correction territory, each down at least 10%. This decline comes amid rising oil prices influenced by ongoing conflict in the Middle East, particularly the war in Iran.
Billionaire investor Bill Ackman suggests that now is a favorable time to “buy the dip” on high-quality businesses. Ackman’s investment firm, Pershing Square Capital Management, holds over $15.5 billion in a concentrated U.S. equities portfolio, heavily invested in major tech firms known as the “Magnificent Seven,” including Alphabet, Amazon, and Meta Platforms., as valuations have fallen significantly.
