Amid rising tensions following Israel's missile attacks on Iran's nuclear facilities, investors are pulling out of the stock market, leading to a downturn across major indices. Oil prices have surged by nearly 8% as a result of the geopolitical unrest. The Dow Jones, Nasdaq, and S&P 500 all reported significant declines, with the Volatility Index spiking, indicating heightened investor fear. Moreover, defense stocks benefited from this situation, while most major tech stocks struggled except for Apple, which managed to gain slightly.
Investors are fleeing the stock market amid heightened tensions in the Middle East as Israel conducts strikes on Iran, causing oil prices to surge.
All three major U.S. stock indices dropped significantly, reflecting a wave of investor fear triggered by the geopolitical crisis.
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