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Dow Jones Drops Amid Middle East Tensions While Consumer Sentiment Rebounds
Dow Jones Drops Amid Middle East Tensions While Consumer Sentiment Rebounds
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The Dow Jones Industrial Average fell more than 1% as markets reacted to Israel''s strikes on Iranian nuclear facilities, with escalating Middle East tensions driving oil prices higher. Former President TRUMP framed the geopolitical development as ultimately bullish, stating the prevention of Iranian nuclear capabilities would remove a ''great threat to humanity.''
Meanwhile, the University of Michigan''s Consumer Sentiment Index surged to 60.5 in June, breaking a six-month decline and far exceeding expectations. Inflation expectations dropped sharply to 5.1% for the year ahead, down from 6.6% in May, signaling potential relief for strained household budgets.
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