Markets Plummet Amid Iran Tensions, Tech Sell-Off
Portland Maine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Stock markets plummeted yesterday, marking the worst day since January and the longest losing streak in nearly four years. The Dow and Nasdaq both fell significantly, with the Nasdaq now down over ten percent from its peak, triggering a market correction. Tensions from the Iran conflict, along with rising oil prices, fueled inflation fears and pushed mortgage and loan rates higher. Tech stocks led the sell-off, with Meta, Alphabet, and Nvidia all dropping significantly after a social media addiction case. Global markets also experienced losses, with Germanys DAX, Hong Kongs Hang Seng, and South Koreas Kospi all falling. Investors brace for more uncertainty ahead.
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