Wall Street’s Momentum Machine Faces a Middle East Stress Test
6 Articles
6 Articles
Wall Street’s Momentum Machine Faces a Middle East Stress Test
It’s the kind of geopolitical flashpoint that might once have triggered a full-blown market meltdown: Israeli warplanes struck Iranian nuclear sites, Tehran vowed revenge — then followed through. Oil spiked.
After the AEX closed almost 1% lower due to the Israeli airstrike on Iran, the American stock markets fell even harder. The situation escalated further due to a counterattack by Iran.
Wall Street’s momentum machine faces a Middle East stress test
Geopolitical tensions are rising. Israeli airstrikes on Iranian nuclear sites sparked market reactions. Oil prices initially surged, but later stabilized. Investors are closely monitoring the Middle East and Washington. They await signals that could influence market sentiment next week. The focus is on the durability of the market rally. Traders are balancing risk and potential gains. The situation remains fluid.
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22:03 Investors pushed the sell button on the violence in the Middle East. Only gold, oil and defense stocks moved higher.
The three main Wall Street indices fell sharply in the Friday session.The variable income reacted nervously after Iran launched missiles into Israel, responding to the initial attacks of the Jewish state to weaken Iran's nuclear program.The Dow Jones Industrial Average, made up of the stock of 30 giants, lost 1.79% to 42,197.79 units, while the S&P 500, of the most valuable companies, fell 1.13% to 5,976.97 points.The Nasdaq Composite lost 1.30%…
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