Geopolitical strife is roiling Wall Street. Here’s what investors are watching
CNN
Worries about an escalation of tensions in the Middle East rattled investors on Monday, with the Dow swinging 600 points over the course of the day to close about 250 points lower. That’s after the blue chip index dropped nearly 500 points on Friday.
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Worries about an escalation of tensions in the Middle East rattled investors on Monday, with the Dow swinging 600 points over the course of the day to close about 250 points lower. That’s after the blue chip index dropped nearly 500 points on Friday. Israel’s possible response to Iran’s weekend attack, war between Russia and Ukraine and ongoing trade battles between China and the United States have investors on edge as they worry about what could come next at a time when markets are already very jittery about persistent inflation. JPMorgan Chase CEO Jamie Dimon said on Friday that geopolitics were the biggest threat to the “future of the free world.” “It could be determinative on what happens to the global economy if oil and gas prices go too high,” Dimon said during the bank’s earnings call. Here’s what investors will be watching closely this week.
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