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News in English (USA) / 01.10.2024 / 21:00

Stock Markets Retreat as Middle East Tensions Escalate and Oil Prices Spike

In a day marked by heightened geopolitical tensions following Iran's missile attack on Israel, U.S. stock markets have experienced significant declines. The Nasdaq and S&P 500 both fell over 1%, with the Dow Jones dropping nearly 200 points. As investors reacted to the escalating conflict, oil prices surged, with crude gaining approximately 5%. Treasury yields also fell as safe-haven assets became more attractive. Despite a downturn in major tech stocks, certain defense companies saw gains amidst the turmoil. Overall, the market's volatility reflects anxiety over the potential implications of the Iran-Israel conflict.
Yahoo Finance, USA TODAY, Reuters, CNBC, The Seattle Times, FX Empire, Mint, MarketWatch, Bloomberg, Investopedia