Stock market continues to slide. What’s happening on Wall Street?

The stock market dropped March 27 amid ongoing uncertainties involving the United States’ involvement in Iran.

The Nasdaq Composite was down 1.2% shortly before 11 a.m., according to CNBC, while the Dow Jones Industrial Average and S&P 500 each dropped 0.8%. The broad market index, down more than 1%, was on track for its fifth consecutive weekly decline. The S&P 500 is down 0.39% for the past week and 6.76% the past month.

The market drop comes as the conflict in the Middle East continues nearly a month after the U.S. and Israel attacks on Iran. Recent news reports indicated that federal officials are considering sending an additional 10,000 troops to the region to aid in the fight.

President Donald Trump announced March 26 that he is postponing strikes on Iran’s power plants for 10 days as the two countries continue negotiations to end the war. The pause on the “period of Energy Plant destruction” will be in place until 8 p.m. EST April 6, the president said in a Truth Social post.

The ongoing slides brought all three major indices into or near correction territory, which occurs when the market drops at least 10% from recent highs.

Health: Measles found in NJ wastewater. What does that mean for residents?

The Nasdaq fell into a correction March 26, while the Dow briefly moved into it the next morning before settling at 9.7%, according to CNBC. The S&P is roughly 8% below its record mark.

The stock market has largely struggled for the past two months, with the Middle East conflict the latest key factor in the plummeting prices. Previously, the market reflected investor concern over questions in the tech world and a report estimating that the U.S. lost 92,000 jobs in February.

Bitcoin is down 4.28% for March 27 as of noon, and down 5.23% the past week and 2.5% the past month overall.

This article originally appeared on NorthJersey.com: Why did the stock market go down today? Wall Street latest