Day 2 - My Investment Diary

With the US stock markets closed for the weekend, we're taking a deep dive into yesterday's session, Friday, March 13, where we saw another rough close across the major indices.

The $S&P 500(.SPX.US) ended the day down 0.61% at 6,632.19, the $NASDAQ-100(.NDX.US) slid 0.93% to 22,105.36, and the $Dow Jones Industrial Average(.DJI.US) dipped a milder 0.26% to 46,558.47.

This marks the fourth straight day of losses for the S&P, pushing it about 5% below its recent highs and capping off a volatile week where erratic oil prices and geopolitical headlines dominated the narrative.

At the forefront is the escalating conflict in the Middle East, particularly involving Iran. Reports of US and Israeli strikes, combined with Iran's threats to restrict oil tankers through the Strait of Hormuz, a critical chokepoint for global energy supplies, have sent crude oil prices surging. Brent crude topped $90 a barrel this week, fueling inflation fears and raising concerns about prolonged supply disruptions.

@Bridge Buzz SG