Markets Drop Amid Middle East Tensions, Tech Slides
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Markets wavered Thursday, with the Dow, S&P 500, and Nasdaq all down, as mixed signals from the U.S. and Iran over Middle East tensions weighed on investor sentiment. Tech stocks, particularly semiconductors, dragged the market down, while jury rulings against Meta and Google in child harm lawsuits sent their shares plummeting. Oil prices surged amid Middle East conflict concerns, lifting energy stocks. Central banks face tougher decisions amid tensions, with no expected rate cuts this year. Unemployment claims ticked up slightly, indicating a steady job market. Olaplex surged on a buyout deal, while gold miners dipped as bullion prices fell. Decliners outpaced advancers, with more new lows than highs, reflecting a broader market pullback. Markets remain jittery as talks hang in the balance.
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