Nasdaq moves into correction territory as Iran war weighs on markets
The article reports on global market declines and rising energy prices following the war with Iran, citing Trump's comments on oil prices and analysts' predictions about inflation. It also notes regional stock index drops and factors influencing market sentiment.
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Read the original article: https://www.nbcnews.com/business/markets/stocks-oil-prices-trump-us-iran-talks-r…
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Propaganda Score
confidence: 95%
Low risk. This article shows minimal use of propaganda techniques.
fact_checkFact-Check Results
12 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.
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“U.S. stocks and bonds sold off Thursday and oil continued its weekslong upward trajectory, as optimism faded about possible peace talks or a U.S.-Iran ceasefire.”
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“The price of U.S. crude oil rose near $95 per barrel, up more than 4%.”
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“International Brent crude rose 5%, to more than $109 per barrel.”
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“Since the war started, the cost of U.S. crude oil is up more than 40%.”
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“Since the start of the year, it has risen more than 60%.”
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“The S&P 500 closed down by 1.7%, the Dow tumbled 470 points and the Russell 2000 ended the day down 1.7%.”
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“For the S&P 500, Thursday was its worst single day since the war began.”
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“The Nasdaq Composite fared the worst though, and dropped nearly 2.4%, pushing the index into correction territory.”
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“Heating oil, a proxy for jet fuel prices, also spiked 8% on Thursday afternoon.”
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“The nationwide average price of unleaded gas was $3.98 a gallon.”
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“Shares of tech companies, including Samsung, fell significantly after Google revealed a new, more efficient use of storage and memory systems for artificial intelligence.”
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“The Stoxx 600 in Europe closed down more than 1%. Flagship stock indexes in Germany, France and the U.K. also ended the trading session down by around 1%.”
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