Market Jitters and Geopolitical Concerns Shake Markets (Weekly Cheat Sheet)
October 7, 2024
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The stock market had a case of the jitters this week, mostly trading lower as investors decided to take some profits off the table after a stellar third quarter. But that wasn’t the only thing making waves. The geopolitical landscape took a turn for the dramatic when Iran decided to play a game of missile tag with Israel, prompting promises of retaliation. As you might expect, this sent oil prices soaring faster than a teenager’s heart rate at their first school dance. Speaking of oil, WTI crude futures jumped from $68.15 per barrel last Friday to $74.40 this Friday. This surge gave ...
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