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#marketupdate

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US stocks recovered from steeper losses on Tuesday as fears over a nuclear escalation in the Russia-Ukraine war rattled markets, overshadowing Nvidia ( $NVDA ) earnings.

The Dow Jones ( $DJI ) fell 0.5%, S&P 500 ( $GSPC ) was flat, and Nasdaq ( $IXIC ) rose 0.5%.

How do you think geopolitical tensions will impact the stock market in the coming weeks?

Stocks slumped globally, with European equities ( $STOXX ) shedding 1%, S&P 500 futures ( $SPX ) dipping 0.5%, and Poland’s main stock index ( $WIG20 ) sinking 2.6%. Global bonds climbed as the yield on 10-year Treasuries ( $UST10Y ) fell to 4.34% and German bond yields hit their lowest since October.

Markets reacted to Putin’s expanded nuclear doctrine and Ukraine’s first long-range missile strike on Russian territory.

US stocks fell on Friday, with the S&P 500 ( $GSPC ) dropping 1.4%, Dow Jones ( $DJI ) down 0.7%, and #Nasdaq Composite ( $IXIC ) falling nearly 2.5% after Federal Reserve Chair Jerome Powell signaled no rush for interest-rate cuts.

Powell's comments dampened initial optimism for Trump's policies, leading to significant market declines. Retail sales data showed continued consumer resilience with October sales up 0.4%.

Oil prices are set for a weekly gain of nearly 2%+ with Brent at $75.04 and WTI at $70.88 as tensions in the Middle East impact the market. Investors await Israel's response to Iranian missile attacks while assessing potential Chinese stimulus, which may have a limited effect on demand. Goldman Sachs holds its Brent price forecast at $70 - $85 for 2025.