Treasuries Climb, Stocks Drop on Nuclear Concern: Markets Wrap
Published On Nov 19, 2024, 4:01 AM
Markets reacted strongly to escalating nuclear concerns following President Putin's authorization to use nuclear weapons in response to attacks from non-nuclear states allied with nuclear powers. US Treasuries saw an increase as investors opted for safer assets, while stocks, particularly in Europe and US futures, declined. This tension comes amid geopolitical instability in Ukraine and potential military escalations.