The war in the Middle East sparked fresh volatility in global markets, with stocks erasing losses as a surge in energy prices faded after oil briefly topped $100. A slide in bonds waned. Bitcoin jumped.
The S&P 500 erased a slide that earlier reached 1.5% after President Donald Trump told CBS the Iran war is “very complete, pretty much.” Chipmakers climbed, driving the Nasdaq 100 up almost 1%. US crude dropped to around $90 in post-settlement trading.
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