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Oil, Haven Assets Rise After Iran Strikes Israel: Markets Wrap.
- Source :
- Bloomberg.com; 10/2/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Oil prices and safe-haven assets such as bonds, gold, and the US dollar rose after Iran launched a missile attack on Israel in retaliation for Israeli attacks on Lebanon. This flight to safety caused US stocks to decline, with the S&P 500 falling 0.9%. The tech sector was particularly affected, with Apple Inc. and Nvidia Corp. experiencing significant losses. The conflict in the Middle East overshadowed economic data, including a decrease in the US ISM price index and an increase in job openings. Investors are also closely watching the vice presidential debate and the upcoming US nonfarm payrolls report. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180033058