US Stocks Plummet, Oil Prices Surge Amid Middle East Tensions
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
US stocks suffered their worst week since the Iran conflict began, with the S&P 500 dropping 1.7%. The Dow fell 793 points, or 1.7%, and the Nasdaq dropped 2.1%. Despite President Trumps deadline extension, investors remained pessimistic due to ongoing Middle East conflicts and high gas prices. Big tech stocks like Amazon, Meta, and Nvidia led the decline, while non-essential stocks also plummeted. Bond yields rose, increasing mortgage rates and slowing business. As oil prices approach triple digits, markets brace for more volatility until diplomacy improves the situation.
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