Stagflation Fears Grip Markets as Iran Conflict Keeps Oil Elevated Despite Afternoon Recovery
U.S. equity indices fell to their lowest in four months on Thursday as the ongoing surge in energy prices risked stagflation in the US economy. The S&P 500 closed down 0.28%, the Nasdaq fell 0.28%, and the Dow dropped 0.44%, though all three indices staged afternoon recoveries from deeper morning lo