Stocks Falter While Havens Gain on Mideast Strife: Markets Wrap
- Oil, gold, dollar all higher after Iranian rockets fired
- VP nominees Walz, Vance to square off in debate late Tuesday
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The persistent rally in stocks was knocked for a loop Tuesday as investors retreated to safer corners of the market when the conflict in the Middle East intensified.
Haven assets were bid up with bonds, oil, gold and the US dollar all advancing after Iran fired a barrage of missiles at Israel following an advance of armed forces into Lebanon. The US is actively supporting preparations to defend Israel, according to an earlier report.