Traders were initially concerned about the impact of a port strike on the markets and economic growth, but attention quickly shifted to the Middle East conflict. The possibility of a larger regional war is now a major worry. Technology stocks performed poorly, with the S&P 500’s information technology sector experiencing its worst session in nearly a month. U.S. Treasury yields declined as investors sought safer assets. The upcoming jobs report on Friday will be crucial in determining the market’s direction and the Federal Reserve’s next move. Ryan Detrick is the chief market strategist at Carson Group, not the firm previously mentioned.
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