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S&P 500 Tumbles as US Strikes on Iran Spark Oil and Yield Surge

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The Story

News Summary

  • U.S.
  • stock futures and benchmark indices dropped following U.S.
  • military strikes on Iranian targets near the Strait of Hormuz.
  • Escalating conflict pushed crude oil prices higher and sent the 10-year Treasury yield to 4.806%, raising inflation fears and triggering broad market sell-offs.
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