Key takeaways
- US stocks ended the week lower as the war with Iran disrupted the outlook for oil prices, economic growth, and inflation.
- Those losses have been somewhat muted, however, with the Morningstar US Market Index down less than 1.6% this week and 4.2% since the start of the war.
- After falling on hopes for a speedy resolution to the conflict, oil prices spiked to end the week.
As the US war with Iran carried on for its second week, financial markets remained resilient despite elevated volatility, an increasingly uncertain economic outlook, and conflicting headlines.
After rallying Monday and Tuesday following comments from US President Donald Trump suggesting a speedy end to the conflict, the Morningstar US Market Index ended the week 1.6% lower. Since the war began at the end of February, stocks have fallen roughly 4.2%.
Accompanying those declines were outsize moves in oil…
