Despite some positive job openings news, the Middle East conflict and a $7.5 billion weekly cost from a longshoremen strike created significant nervousness in the markets.
Ballistic strikes and labor strikes had investors nervous Tuesday, as major indexes closed down, with Northrop Grumman and Lockheed Martin shares performing well amid the turmoil.
The STOXX Europe 600 initially rose on inflation data, but losses followed Iran's missile strike, illustrating how geopolitical tensions can swiftly overshadow economic data.
AI chip companies like Nvidia faced declines due to uncertainty surrounding the longshoremen strike and its potential impact on supply chains, affecting tech sector stability.
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