Folks, we’re panicking here. The Middle East is ablaze with tension again on Monday after the US government said that an attack by Hezbollah and Iran on Israel is imminent.
US government says Iran, Hezbollah attack on Israel imminent. VIX jumps 172% to level not seen since early covid pandemic.
open hundreds of basis points lower. Market fright arrives on heels of Friday sell-off caused by poor jobs report. Bitcoin sinks 17% in 24 hours as crypto faces same flight to safety. Though no attack has happened yet, any attack would thrust the US military back into war mode in an attempt to aid Israel, which has faced international condemnation for bombing Palestinian civilians in Gaza for the last 10 months.
has sunk 3.3% at the time of writing, although it was initially worse at the open. The S&P 500 is down 2.7%, while the Dow Jones has lost 2.4%. Bitcoin has lost as much as 17% as well, sinking to $50,000. Stock market reels as large caps lose summer gains Many of the large-cap players are beginning to recover form the mayhem.Apple fell to $196 near the open but then clawed back enough gains to reach $109. Microsoft opened near $388 but has likewise risen to $395.
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