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Barchart
Rich Asplund

Stocks Slump on Iran War and Credit Woes

Iran SP Nasdaq Oil United States Dow Jones Citigroup Donald Trump Morgan Stanley crude oil

The S&P 500 Index ($SPX) (SPY) on Thursday closed down -1.52%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.73%.  March E-mini S&P futures (ESH26) fell -1.49%, and March E-mini Nasdaq futures (NQH26) fell -1.75%.

Stocks fell sharply on Thursday as a surge in crude oil prices stoked fears that the war against Iran would crimp global fuel supplies and boost inflation.  WTI crude oil prices soared more than +9% on Thursday amid widening disruptions to crude production and transport in the Middle East.

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