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Stocks Sink on Fears the War with Iran Will Keep Interest Rates High
Bond yields surged to 4.36%, erasing Fed rate cut bets as oil price volatility from the Iran conflict fuels inflation fears and economic slowdown concerns.
- Stocks fell as the ongoing conflict with Iran fueled investor concerns about long-term interest rates and energy prices.
- War-Related volatility in the Persian Gulf has spiked oil prices and Treasury yields, as markets attempt to quantify potential damage to regional energy production.
- The 10-year Treasury yield jumped to 4.36% while FedEx rose 1.6% and Nasdaq fell as investors reacted to the uncertainty.
- Traders have canceled nearly all bets that the Federal Reserve will cut interest rates this year, while central banks in Europe, Japan, and the United Kingdom held steady this past week.
- If the conflict persists for three months, investors will become much more cautious, Ann Miletti, head of equity investments at Allspring Global Investments, warned the situation could be market shaking.
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Stocks Slump as Iran War Fans Inflation Fears
The S&P 500 Index ($SPX ) (SPY ) today is down -0.66%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.80%. March E-mini S&P futures (ESH26 ) are down -0.60%, and March E-mini Nasdaq futures...
Coverage Details
Total News Sources13
Leaning Left4Leaning Right1Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 40%
C 50%
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