Tensions flare as the U.S.-Iran ceasefire crumbles, sending markets into a tailspin. S&P 500 and Nasdaq tumble, Treasury yields surge to 2007 highs, and oil prices climb amid fears of renewed conflict — including an unexplained cargo ship strike in the Strait of Hormuz. Tech stocks like Western Digital and Marvell take heavy losses, while Home Depot’s strong report offers a rare bright spot. Global bond yields spike from Europe to Japan, and Asian markets mostly fall, with analysts warning that geopolitical volatility is forcing investors into defensive mode.
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