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Market Tumbles Amid Iran Tensions | Edmonton News
Stocks took a hit this morning as market nerves jolted after Trump signaled no ceasefire with Iran, sending the Dow down 550 points and the Nasdaq slipping. Oil prices surged past $79 a barrel, reigniting fears of supply disruptions through the Strait of Hormuz—and inflation that could force rate hikes and slow growth. Airlines, cruise lines, and homebuilders all took a beating as higher fuel and mortgage costs loomed. But AI stocks held firm, offering a rare bright spot amid the turmoil. Bond yields climbed too, mirroring oil’s rise, while European markets tumbled—except Hong Kong’s Hang…
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