Yen Slides After BOJ Rate Hike as Dollar Holds Near Seven-Week High 
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
Asian Gold Stocks Rise as Bullion Rebounds on Softer Dollar 
European Stocks Rally After Fed Hike, Iran Peace Hopes 
Supertanker Orders Surge as US-Iran War Reshapes Oil Trade 
US Stocks Rise Ahead of Fed Rate Decision 
Bessent Presses Japan on Fiscal Policy as Yen Struggles 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
Asian Chip Stocks Rally as Treasury Yields Ease 
UK Inflation Rises to 3.1% Ahead of BoE Rate Decision 
Yemen Fighting Threatens Red Sea Oil Routes 
East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Trump Hopes Iran War Nears End as Yemen Fighting Escalates 
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
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Wall Street closed sharply lower Friday following Iran’s missile strike on Israel, a retaliatory move after Israeli attacks on Iran’s nuclear sites. The conflict has triggered fears of a broader Middle East war, shaking global investor confidence.
Explosions rocked Tel Aviv and Jerusalem as Israel’s military confirmed missile launches from Iran. The geopolitical tension sent oil prices soaring nearly 7%, raising concerns about disruptions in Middle East crude supply. Analysts warned that if the Strait of Hormuz is affected, global markets could face serious turmoil.
Energy stocks surged in response, with ExxonMobil (NYSE:XOM) up 2.2% and Diamondback Energy (NASDAQ:FANG) climbing 3.7%. In contrast, airline shares tumbled on rising fuel cost fears—Delta Air Lines (NYSE:DAL) dropped 3.8%, United Airlines fell 4.4%, and American Airlines (NASDAQ:AAL) sank 4.9%.
Defense stocks gained as investors looked to military suppliers. Lockheed Martin (NYSE:LMT), RTX, and Northrop Grumman (NYSE:NOC) all rose over 3%.
The S&P 500 declined 1.13% to 5,976.97, the Nasdaq lost 1.30% to 19,406.83, and the Dow fell 1.79% to 42,197.79. Financial and tech sectors led the decline, with financials down 2.06% and tech off 1.5%. For the week, the S&P 500 slipped 0.4%, Nasdaq 0.6%, and Dow 1.3%.
Adobe (NASDAQ:ADBE) dropped 5.3% over AI adoption concerns, while Oracle (NYSE:ORCL) surged 7.7% on strong AI-driven forecasts. Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL) dipped 2.1% and 1.4%, respectively. Visa (NYSE:V) and Mastercard (NYSE:MA) both fell over 4% amid reports that retailers are exploring crypto alternatives.
Despite rate-hike concerns easing, the market remains volatile, with declining S&P 500 stocks outnumbering gainers by over 6 to 1.
