Dow Jones Industrial Average enters correction territory as Hormuz fears fuel selloff

The Dow Jones Industrial Average (DJIA) tumbled on Friday, shedding roughly 510 points or 1.1% to fall below 45,500 and officially enter correction territory. The Dow fell over 1% on Friday and entered correction territory, down 10% from its recent high.Brent crude surged above $110 per barrel after incidents in the Strait of Hormuz disrupted tanker flows.University of… The Dow Jones Industrial Average (DJIA) tumbled on Friday, shedding roughly 510 points or 1.1% to fall below 45,500 and officially enter correction territory. The Dow fell over 1% on Friday and entered correction territory, down 10% from its recent high.Brent crude surged above $110 per barrel after incidents in the Strait of Hormuz disrupted tanker flows.University of Michigan consumer sentiment fell to 53.3, while one-year inflation expectations jumped to 3.8%.Rate futures markets priced in a greater than 50% probability of a Federal Reserve rate hike by year-end for the first time.The Dow Jones… For traders, this matters because equity-specific headlines can influence sector leadership, index tone and short-term volatility around positioning. Watch whether the reaction stays isolated to one name or spills into the broader sector, index futures and correlated risk assets.