Escalating Middle East Conflict Weighs Heavily on Wall Street and DAX – Oil Prices Approach $110 Mark and Fuel Global Interest Rate Fears – Gold Price Experiences Massive Sell-Off with Largest Weekly Loss Since 2020 – Firefly and Intuitive Machines Target Billion-Dollar Revenues in Growing New Space Sector - NVIDIA Secures AI Mega-Order from Amazon – Biotech Company Rhythm Pharmaceuticals Obtains Lucrative FDA Approval Expansion
Reading Time: 10 minutes
Escalating Middle East Conflict and Rising Bond Yields Weigh on Wall Street and Heighten Inflation Concerns Uncertainty dominates the global financial markets, causing the major New York indices to start Friday's trading weakly. While the leading index Dow Jones is down 0.7% at 45,700 points, the S&P 500 drops 0.81% to 6546 points, approaching the longest weekly losing streak since March 2025. The technology-heavy Nasdaq is particularly hard hit, plunging about 1.23% to 21,823 points. Concurrently, bond market yields are significantly...
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