Here’s a look at how the global economy has weathered the war, and who have been the winners and losers:
Winner: Investors who didn’t panic
Stock markets hate uncertainty, and the decision by the U.S. and Israel to attack Iran on Feb. 28 delivered heaps of it. Columns of smoke rose from Tehran, frantic Iranians clogged roadways trying to escape, and mounting deaths, including of children, made headlines. It was enough for any investor to feel squeamish.
Get Power Play
A twice-weekly dive into the power players and moves driving business in Massachusetts, authored by long-time business columnists Shirley Leung and Jon Chesto.
Oil prices surged and Wall Street began a retreat that would begin five consecutive losing weeks. The Dow and Nasdaq entered corrections. The S&P 500 had its worst month since 2022.
But a major turnaround has unfolded since the market bottomed in late March. The…
