Stocks Dip, Oil Surges Amid Iran War Jitters

0:00U.S. market-stay jittery today amid the Iran War, with the S&P 500 dipping 0.3% after its worst weeks since the fighting, kicked off. The Dow climbed 130 points, or 0.3% by 235 PM Eastern, while the NASDAQ dropped 0.6%. Oil prices jumped 3.3% to $102 and 88 cents a barrel, as worries grew overflows from the Persian. Golf The Canadian market seesawed ending up just 0.03%, Europe saw gains, but Asia took hits, like 3% down and so. Investors fixated on weakened war twists, including Yemen's healthy rebels jumping in, and fears of inflation from supply snarls. President Trump tweeted about progress toward a new deal to end ups, but warned of obliterating Iranian plants if the straight-of-form moves stays blocked. Stocks now look cheaper, with the S&P's 17% undervalued on earnings growth, versus pre-war levels, per Morgan Stanley.

1:01That's correction turf, down 8.7% from highs, and strategies see it nearing an end, unless the Fed hikes rates on oil spikes. Bond yields ease the touch, with a 10-year treasury at 4.34%, giving Stocks some relief and boosting real estate plays. Alcoa surged 8.8% on Middle East rival damage speculation, hinting at, buy chances if tensions cool. I'm Cory with the story, and you've been listening to Canada News today, AI-powered