Stocks and bonds sold off together Friday as Iran war fears fueled inflation anxiety. Traditional 60-40 portfolios posted their worst month since 2022 per FT reporting. Trump extended Iran talks deadline after Wall Street's worst day since the crisis began.
Treasury yields spiked on fresh inflation concerns. Ships forgo cargo to carry fuel as war sent prices soaring. Fuel costs for global shipping jumped $5B since conflict began creating massive supply chain pressure.
BMY Bristol Myers posted positive Phase 3 data for Camzyos in adolescent heart patients. MRK Merck presented proof-of-concept results for pulmonary hypertension treatment. Biopharma delivered rare bright spots amid market chaos.
Cybersecurity stocks tumbled after Anthropic AI security warnings. CRWD CrowdStrike, PANW Palo Alto, and ZS Zscaler absorbed selling pressure. The sector faced fresh skepticism as AI threat models shifted.
Space stocks jumped on SpaceX IPO filing reports. LUNR Intuitive Machines and ASTS AST SpaceMobile surged despite volatile market conditions.
European stocks closed lower Friday as G7 ministers met to discuss Iran peace talks. Markets staged brief rebounds when Trump signaled de-escalation attempts but reversed on skepticism.
UK watchdog froze Bank of London client assets after fining the fintech £2M for misleading capital position disclosures. The regulatory action highlighted increased scrutiny across European financial institutions.
Fertilizer costs spiked from Minnesota to Punjab threatening global harvest yields. The food crisis intensified as commodity disruption extended beyond energy markets creating systemic agricultural pressure.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
