The Big Money Is on High Alert for Any Change to Post-Iran Calm
- Stocks pare losses after Mideast tension roiled global markets
- Nordea, Aberdeen Standard and others eye oil, cyclical shares
Mourners carry images of Iranian General Qassem Soleimani during a funeral ceremony in Tehran, Iran, on Jan. 6.
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For all the hand-wringing on Wall Street over spiraling U.S.-Iran tensions, two questions stand out: Why isn’t the sell-off worse, and just what would it take for markets to crater?
The S&P 500 erased nearly all its earlier decline to trade little changed on Monday. The yen fell from a three-month high and 10-year Treasury yields turned higher, as calm returned to global markets just days after the shock U.S. killing of an Iranian general.