Iran Conflict Triggers Wall Street Sell-off, Shattering Portfolios

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On March 30th, market declines triggered by the conflict in Iran are escalating into a full-blown crash on Wall Street. Efforts by various parties to mediate a ceasefire and restore Middle East oil supplies have ultimately led to further escalation of the situation, intensifying market panic. The Nasdaq 100 index plunged 1.9% on Friday alone, entering correction territory. The S&P 500 closed down for the fifth consecutive week, marking its longest losing streak since 2022. Bond prices have fallen, pushing the yield on benchmark 30-year U.S. Treasury bonds close to 5%. Bitcoin prices have also halved from their pre-conflict peak.

BTC-0.2%
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