S&P 500 Drops; Gold Surges Past $4,489
All three major indexes fell Friday — S&P −1.67% to 6,368, Dow −793 points, Nasdaq −2.15% — as gold surged 2.59% to $4,489.70 and Brent crude held above $114 on persistent Iran tensions.
All three major indexes fell Friday — S&P −1.67% to 6,368, Dow −793 points, Nasdaq −2.15% — as gold surged 2.59% to $4,489.70 and Brent crude held above $114 on persistent Iran tensions.
The 10-year note climbs to 4.37% as Iran rejects direct negotiations, back-to-back Treasury auctions clear at concession, and the Fed holds firm amid oil-driven inflation risk.
Nikkei +2.87% on Iran ceasefire framework hopes, but S&P 500 fell 0.37% as Brent rebounded 6% to $98.18 — reinstating the stagflation premium Wall Street had briefly priced out.
February orders fell 1.8% and core capital goods contracted 1.1% for a second straight month, as Brent rebounded $97.90 and the S&P 500 extended losses.
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