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Market Volatility Amid Ceasefire Claims | Anchorage News
Description
Stocks plunged after Trump declared ceasefire talks “over,” sending the Dow down 603 points and rattling fuel-dependent sectors. Oil surged 7.4% to $79.64, reigniting fears of supply disruptions and inflation. Investors brace for a domino effect: higher rates to curb inflation could slow the economy and crush equities, especially airlines and housing. Yet AI stocks like Nvidia and Broadcom rallied, buoyed by big deals and market weight. Europe fell, but Hong Kong rose, with China’s Zhipu AI soaring as early investors held firm despite lock-up expirations.
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