100 days of U.S.-Iran conflict: Wall Street rebounds as global markets show mixed recovery
By
Chloe Taylor
Summary
The article analyzes the economic and market impact of the first 100 days of the U.S.-Israel conflict with Iran. Despite initial global stock selloffs following the strikes, Wall Street's major indexes like the S&P 500 have recovered and hit new all-time highs, as investors look past the war, higher oil prices, and inflationary pressures. The piece highlights the divergence between U.S. markets and some global markets that have struggled to regain momentum, with equity markets operating under the assumption the war will not permanently derail major energy-importing economies.
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Key quotes
· 3 pulledWall Street's major averages have wiped out initial losses as investors look through the war, higher oil prices and the impact of the conflict on inflation.
The S&P 500 has hit new all-time highs even as the war continues.
Iain Barnes, chief investment officer at Netwealth, said equity markets had been dominated by the assumption that the war will swing major energy-importing...
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