Wall Street continues to navigate the complex geopolitical conflict between the U.S. and Iran.
Key Points
-
The S&P 500 was recently down by as much as 9% from its peak because of the war between the U.S. and Iran, but it rocketed to a new record high on Wednesday, April 15.
-
The stock market isn’t out of the woods yet, because Iran mounted fresh attacks on commercial vessels in the Strait of Hormuz this weekend, which could lead to another spike in oil prices.
-
The Vanguard S&P 500 ETF tracks the performance of the S&P 500, and buying it now could result in surprisingly modest returns over the next decade.
