(Bloomberg) -- US stocks churned as traders weighed the prospect of escalating conflict in the Middle East against positive economic data.
The mood on Wall Street soured after puzzling comments from President Joe Biden on if he would support Israel striking Iran’s oil facilities.
Wall Street’s fear gauge, the VIX, resumed its climb, flashing a warning sign that more stocks volatility lies ahead.
Story continuesTo Michael Metcalfe, head of macro strategy at State Street Global Markets, international conflict has returned as a driver for markets.
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