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Market Reacts to Conflict Pause | San Jose News
Stocks took a hit as global markets reacted to reports of a pause in fighting, sending the S&P 500 down and the Dow Jones plunging 550 points. Oil prices surged nearly 5% as fears mounted over potential disruptions in oil shipments through the Strait of Hormuz — a scenario that could fuel inflation and force central banks to hike rates, slowing the economy and hurting investments. Airlines, cruise lines, and homebuilders felt the squeeze, with mortgage rates likely to climb. But there’s a silver lining: AI giants like Broadcom rebounded after a dip, buoyed by a major Apple deal, while Chinese…
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