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US stocks fall on Iran war fears
The US stock markets declined at the start of Friday’s trading due to rising fears of a potential war with Iran, amid a surge in oil prices above $100 per barrel. The S&P 500 index fell by 0.6%, the Dow Jones by approximately 521 points (1%), and the Nasdaq by 5%. This coincided with the yield on the 10-year US Treasury bonds rising to 4.97%, as investors increasingly turned to bonds as a safe haven. Meanwhile, oil prices increased further following reports that the United States and Israel are preparing for possible attacks on Iran, adding additional pressure on the markets.
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