Nasdaq 100 Enters Correction As 30-Year Yields Near 5%: What's Moving Markets Friday?

U.S. equities fell to their lowest levels in nearly seven months, with the Nasdaq 100 entering correction territory, down over 10% from January highs at 23,342. The S&P 500 declined 0.9% to 6,417, while the Dow Jones dropped 1% to 45,495. Geopolitical tensions, particularly regarding Iran's actions in the Strait of Hormuz, contributed to market declines, alongside rising 30-year Treasury yields nearing 5%. Gold surged 3.5% to $4,532.52 per ounce as investors sought safe-haven assets amid these concerns.