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Dow Jones Slumps Amid Geopolitical Tensions and Weak Housing Data

Dow Jones Slumps Amid Geopolitical Tensions and Weak Housing Data

Published:
2025-06-17 19:51:02
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The Dow Jones Industrial Average (DJIA) fell sharply as escalating Middle East tensions rattled markets. Former President Trump''s Truth Social posts suggesting potential strikes on Iranian nuclear facilities exacerbated risk-off sentiment. Pentagon deployments of additional aircraft to the region further pressured equities.

Housing sector weakness compounded the selloff, with June''s Housing Market Index plunging to 32 - its lowest level since December 2022. The disappointing data reflects growing pessimism among homebuilders amid persistent affordability challenges.

Market participants rotated out of risk assets as the DJIA dropped 0.75% intraday. The volatility highlights how geopolitical instability continues to drive capital flows, with traditional SAFE havens benefiting at equities'' expense.

|Square

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