US market selloff continues as Iran war sends consumer sentiment plummeting

US consumer expectations match economic calculations that show conflict in Iran will cause higher inflation

The US stock market opened on Friday with a selloff that briefly sent the Dow into correction territory as a new survey showed US consumer sentiment plummeted in March.

Within an hour into trading on Friday, the Dow fell more than 400 points, briefly pushing the index into correction territory. Oil prices continued to climb, with Brent crude, the global benchmark, hitting $110 a gallon.