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Oil, Haven Assets Rise After Iran Strikes Israel: Markets Wrap.

Authors :
Verdonck, Rob
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