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US Stocks and Crypto Drop as Oil Surges on Geopolitical Tensions

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • US equities fell midday as rising crude oil prices and spiking 18-month benchmark bond yields weighed on markets amid escalating Iran geopolitical tensions.
  • Tech, semiconductors, and precious metals dropped sharply, while energy stocks and crude oil surged.
  • Bitcoin and broad risk assets also retreated.
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