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Markets Edge Up Amid Iran Tensions, Recession Fears

Published 2 days, 23 hours ago
Description

US stock futures inched up Thursday night following a challenging day on Wall Street, as President Trump postponed potential strikes on Irans energy sites until April sixth. The S&P 500 and Nasdaq Composite experienced significant losses, while the Dow Jones Industrial Average saw a slight increase for the week. Oil prices remained elevated due to Iran tensions, with Brent crude surpassing $107 per barrel and West Texas Intermediate exceeding $93. Despite Trumps extended deadline, Irans leaders remain uninterested in direct talks with Washington, causing investor concerns about broader repercussions. Domestic recession fears escalate as oil price fluctuations impact the economy, with mortgage delinquencies reaching their highest level since 2022 and AI-driven layoffs disproportionately affecting Big Tech. Markets await signs of stability.

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