Stock market today: Dow falls by 700 points, S&P 500 and Nasdaq sink as oil surges amid war worries
View original at finance.yahoo.comStock market today: Dow falls by 700 points, S&P 500 and Nasdaq sink as oil surges amid war worries US stocks sold off on Tuesday after Israel and US jets launched new strikes on Iran, as the widening conflict stoked worries about a drawn-out regional war…
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The hardest hits are yet to come from the US military
80% confidenceIran conflict could be different and more impactful than previous flare-ups due to targeting of energy infrastructure
80% confidenceBest Buy expects first quarter same-store sales to return to growth, rising 1%
80% confidenceMarkets will tend to take their initial cues from the leaders running point on the war (Trump, Hegseth, and others)
80% confidenceMiddle East war will affect the near-term inflation outlook and increase economic uncertainty
80% confidenceTrump administration will soon roll out program to help mitigate rising energy costs
80% confidenceBank stocks should see Q1 lift to trading business from increased volatility across many markets from war on Iran
80% confidenceTrump refused to rule out putting American boots on the ground in Iran
80% confidenceIranian strikes on tankers and energy infrastructure will have big psychological impact on markets
80% confidenceGoldman Sachs and Morgan Stanley are top US bank names to trade off increased volatility prospect given their outsized trading operations
80% confidenceTrump administration tariffs have been overwhelmingly borne by US consumers and businesses
80% confidenceBest Buy's overall market share was at least flat, pointing to slightly softer customer demand for the industry during holiday quarter
80% confidenceUS will remain in Iran conflict for whatever duration needed, projected four to five weeks initially but has capability to go far longer
80% confidence
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