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Market Turmoil: Stocks and Gold Plummet Amid Ongoing Iran Conflict

KVIA••CNN Newsource
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U.S. financial markets are experiencing significant declines as the conflict with Iran escalates, affecting investor confidence. The Russell 2000 index fell by 2.7%, nearing correction territory, while the Dow dropped 444 points (0.96%), and the S&P 500 and Nasdaq also saw substantial losses. The uncertainty surrounding the war is driving energy prices up, raising inflation concerns and complicating central banks' monetary policies. Notably, gold prices have seen their worst week in 40 years, dropping over 10%. Investors should be aware of rising Treasury yields, which may influence mortgage rates and shift investment strategies.

Key Details: • Russell 2000 down 2.7%, approaching correction territory. • Dow Jones decreased by 444 points, S&P 500 down 1.51%. • Gold prices fell over 10%, marking the worst week since 1983. • Brent crude oil closed at $112.19 per barrel, the highest since July 2022. • 10-year Treasury yield rose to 4.39%, impacting mortgage rates.

market gold iran inflation stocks

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