Reported 6 days ago
US stock markets experienced declines on Tuesday, driven by escalating tensions in the Middle East after Iran launched over 100 missiles at Israel, which in turn caused oil prices to surge, marking their largest increase in nearly a year. The Nasdaq Composite led the losses with a drop of over 1.2%, while the Dow Jones Industrial Average and S&P 500 fell by approximately 0.1% and 0.6%, respectively. As investors digest this geopolitical situation alongside labor market data, there are concerns about potential inflationary impacts due to higher energy costs.
Source: YAHOO