US stocks fell 1.5%, 1.2%, and 1.6% as Middle East tensions escalated, leading to Australian market concerns.
US stocks dropped as tensions in the Middle East escalated, with the S&P 500, Dow Jones, and Nasdaq composite falling by 1.5%, 1.2%, and 1.6% respectively, marking the worst week since October. This has led to concerns for the Australian market, with the ASX set to experience a fall of 50 points or 0.6% at open. The Australian dollar also tumbled, dropping to 64.60 US cents.
April 14, 2024
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