International Markets Dive Amid Center East Conflict Concerns
International stock exchange experienced a considerable recession Friday, fueled by the recurring Center East problem and its possible influence on the international economy. Increasing oil rates and weakening consumer self-confidence added to the marketplace volatility.
- Equities: Dow Jones fell 1 6 %, S&P 500 shed 1 6 %, and Nasdaq declined 2 1 %. European and Eastern markets also saw decreases.
- Oil Prices: Brent unrefined rose 4 2 % to $ 112 57 a barrel, while U.S. West Texas Intermediate rose 5 4 % to $ 99 64
- Consumer Sentiment: The College of Michigan’s customer belief index hit a three-month low.
- Buck: Reinforced versus major money.
