US Stocks Hit Six-Month Low Amid Fears of Extended Conflict
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US Stocks Hit Six-Month Low Amid Middle East War Fears, Oil Price Surge
M
Moneycontrol•21-03-2026, 10:55
US Stocks Hit Six-Month Low Amid Middle East War Fears, Oil Price Surge
•Major US equity benchmarks dropped to their lowest level since September due to rising anxiety over a prolonged Middle East war.
•The S&P 500 Index fell 1.5%, while the Nasdaq 100 declined 1.9%, with Nvidia Corp. and Micron Technology Inc. among the biggest drags.
•Reports of escalating conflict, including potential US ground troop deployment to Iran and President Trump's stance against a ceasefire, fueled market jitters.
•Oil prices climbed to $112, and the Cboe Volatility Index rose to 27, reflecting increased market uncertainty and stagflation concerns.
•Federal Reserve Chair Jerome Powell indicated interest rates won't be lowered until inflation cools, despite rising oil prices, keeping rates steady for a second meeting.
