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Prime-time disappointment
In a 19 min prime-time address, #Trump squashed hope among investors of an end to the #war in the #MiddleEast, saying Washington will hit #Iran "extremely hard" over the next 2 to 3 weeks.
With no timeline for an end to the #US - #Israel war with Iran & with the #StraitOfHormuz staying closed, investors were quick to return to what they did in March: Selling #stocks, buying US dollars & sending #oil prices higher.
#WallStreet slumps on #MiddleEast uncertainty. #US #stocks had their biggest loss since the #war with #Iran started, with the S&P 500 falling 1.7%. #Nasdaq confirms correction.
