Stock market ends sharply lower
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NEW YORK (Reuters) -Dual risks kept investors on edge ahead of markets reopening late on Sunday, from heightened prospects of a broad Middle East war to U.S.-wide protests against U.S. President Donald Trump that threatened more domestic chaos.
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Investor's Business Daily on MSNDow Jones Futures: Israel-Iran Attacks Hit Market; The Next AI Winners After Nvidia, Broadcom?Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, with the Israel-Iran conflict in focus. The stock market rally fell solidly Friday as Israel attacked Iranian nuclear sites and Tehran responded.
Oil prices leapt, and stocks fell on worries that escalating violence following Israel's attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.
U.S. equities ended the week in the red as escalating geopolitical tensions between Israel and Iran unsettled markets. On Friday, the S&P 500 fell 1.1%, the Dow dropped 770 points (1.8%), and the Nasdaq slid 1.
For 2027 and 2028, the Bank of Israel forecasts budget deficits of 3.5% to 4.0%, higher than those projected by the government.
The Nifty 50 index closed 1.01%, or 253 points, lower at 24,888.20 on Thursday - its steepest decline since 20 May. The 30-share Sensex fell 1%, or 823 points, to settle at at 81,691.98. The market sell-off was broad-based.
The company has brought a new concept to the fast-casual format as the largest fast-casual salad chain in the U.S. That menu seems to be resonating with customers. Sweetgreen is rapidly adding new locations, and its average restaurant brings in $2.9 million in revenue, a number on par with fast-casual leader Chipotle.