Stocks Plunge Amid War, Rate Cut Hopes Fading
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. stocks plummet amid fading hopes for Fed rate cuts due to Iran war, with S&P 500 heading for fourth straight losing week. Dow Jones Industrial Average drops 285 points, Nasdaq composite off 1.2%. Rising Treasury yields, fears of inflation, and oil price swings weigh on market. Super Micro Computer plunges 28% after U.S. charges, FedEx up 2.2% on strong profits. Global markets slide, investors watch Iran wars impact on oil supply.
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