US Treasuries jump as potential resolution to Iran war fuel rate cut hopes
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The US stock market ended sharply lower on Friday due to the ongoing US-Israeli war with Iran, deepening worries about inflation and higher interest rates. The Dow Jones fell 444.60 points, the S&P 500 dropped 98.17 points, and the Nasdaq declined 443.08 points, with all three indices posting their worst four-week loss.
Wall Street ended lower on Friday. The Dow Jones fell 444.60 points to 45,576.83, the S&P 500 dropped 98.17 points to 6,508.32, and the Nasdaq declined 443.08 points to 21,647.61. The US-Israeli war with Iran has deepened worries about inflation and higher interest rates. Two Federal Reserve officials stated the war is clouding the economic outlook. The conflict in the Middle East shows no signs of easing, with the US deploying additional troops.
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