Middle East Tensions Sink Stock Market: S&P 500 and Nasdaq Decline
TL;DR Summary
The S&P 500 fell below 5,000 as Big Tech stocks continued to decline, with the Nasdaq also sliding. The market was impacted by disappointing earnings from Netflix, leading to a sell-off in tech stocks. Federal Reserve officials expressed caution about interest rate cuts due to persistent inflation. Meanwhile, Apple removed WhatsApp and Threads from its China App Store, and American Express reported strong earnings, with Gen Z and millennial customers driving growth.
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- Stocks are down almost 5%, but don't blame the Middle East conflict MarketWatch
- Iran fires at apparent Israeli attack drones: Mideast tensions The Associated Press
- Stock Market Today: Dow Jones Turns Higher After Israel Strike; Donald Trump Stock Jumps Again Investor's Business Daily
- S&P 500 heads for sixth straight loss, Nasdaq drops 1% as Netflix declines: Live updates CNBC
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