June 15th, 2025
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After Israel attacked Iranian targets, the increase in violence caused oil prices to go up a lot and stock values to fall on Friday. This happened because people were worried about possible problems with the world's oil supply and the economy. Big stock indexes like the S&P 500, Dow Jones Industrial Average, and Nasdaq composite all went down noticeably, while the price of U.S. crude oil went up by 7.3% to $72.98 for each barrel. Even though experts say these oil price increases often go down when the situation becomes calm, Wall Street is watching what happens very closely. Because of this, companies that need a lot of fuel and depend on people feeling good about travel, like the cruise company Carnival and United Airlines, lost a lot of money. On the other hand, U.S. oil producers, companies that make things for defense, and gold all gained money. Even with these changes in the market, inflation is still quite steady, but some people are worried it could speed up because of President Trump's tariffs.
June 15th, 2025
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