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Global Equities Slide as Iran Tensions Fuel Oil, Bond Market Jitters
Worldwide stock markets declined Friday, with the Nasdaq Composite sinking into correction territory. President Trump's decision to delay action on Iran failed to ease concerns, pushing oil prices higher and bond yields to fresh peaks.
Futures Rebound as Geopolitical Tensions Ease, Nasdaq in Correction
U.S. equity futures advanced Friday following a presidential decision to delay potential strikes on Iran, offering a reprieve after Thursday's selloff pushed the Nasdaq into correction territory. Brent crude eased but stayed elevated near $107.
FTSE 100 Flat Amid Consumer Weakness, AstraZeneca Gains
The FTSE 100 was little changed, up just 0.1%, as disappointing UK economic data weighed on sentiment. AstraZeneca shares rose on positive trial results.
U.S. Mortgage Rates Surge to 6.38%, Dampening Spring Housing Activity
U.S. mortgage rates climbed to a six-month high of 6.38% this week, pressuring borrower demand. The Mortgage Bankers Association reported a 10.5% weekly decline in applications as costs rose.
Reliance Denies Iran Oil Purchase as Asia Markets Slump on Geopolitical Tensions
Reliance Industries has dismissed claims it bought Iranian crude oil as unfounded. Asian equity markets fell due to ongoing Middle East tensions, and X Financial reported robust Q3 earnings despite a significant one-off loss.
Bradesco Shares Dip on $3B Payout Amid Strong 2025 Results
Banco Bradesco's ADRs declined following the announcement of a R$3 billion shareholder distribution, despite the Brazilian bank reporting a significant rise in 2025 net income and solid deposit growth.
Amazon Shares Dip Amid Nasdaq Correction Despite Bullish AWS Forecasts
Amazon shares declined 2% to $207.54, pressured by a broad tech selloff that pushed the Nasdaq into a correction. Wall Street analysts raised price targets on bullish AWS cloud outlook, but concerns over massive capital spending and geopolitical risks persist.
Snap Plunges 11% on EU Child-Safety Probe, Drags Social Media Peers Lower
Snap shares fell nearly 11% to $4.01, hitting a 52-week low, after the European Union initiated a formal investigation into the platform's safeguards for minors. The decline reflects mounting regulatory pressure across social media.
Bitmine Immersion Shares Drop Despite Ethereum Staking Platform Launch
Bitmine Immersion Technologies shares declined 8% to $19.47 on Thursday, even as the company launched its MAVAN Ethereum staking platform and received a price target hike from B. Riley.
FuboTV Stock Plunges After Reverse Split, Future Equity Sales Eyed
FuboTV's 1-for-12 reverse stock split triggered a 17.8% two-day decline in its share price. The company maintained its authorized share totals, preserving capacity for future equity sales.
Mortgage Rates Surge to 6.38%, Highest Since September, Pressuring Housing Stocks
The average 30-year fixed mortgage rate jumped to 6.38% this week, reaching its highest level since early September. The increase, driven by rising Treasury yields and surging oil prices, contributed to a 10.5% weekly drop in mortgage applications.