Stock Markets Swing Amid Middle East Conflict
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Stock markets fluctuated today due to Middle East conflict uncertainty, with the S&P 500 closing down slightly. The Dow gained, while the Nasdaq fell. Oil prices surged after Trumps Iran comments, but concerns remain. Treasury yields rose, increasing borrowing costs and flipping rate cut bets to potential hikes. Australian shares are set to rise, with Estee Lauder down on merger talks and Smithfield Foods up on earnings. Oil giants like Exxon Mobil and ConocoPhillips also rose. Traders now monitor oil prices and inflation risks, as any escalation could keep yields climbing and markets volatile.
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