Full coverage· Economy· Updated
Israeli and US Markets Plunge Amid Political Uncertainty, Dollar Surges
Israeli and US financial markets saw sharp declines on Thursday due to political uncertainty following recent elections in both countries. The dollar reached a seven-month high against the shekel, trading at 3.20 shekels. Major US indices like the Nasdaq and S&P 500 fell, with tech stocks hit hardest.
1 newsroom · 2 languages · since
Plus
What happened
- 01Israeli and US markets plunged Thursday amid political uncertainty from recent elections.
- 02The dollar reached a seven-month high against the Israeli shekel, hitting 3.20.
- 03US tech stocks, particularly semiconductors and AI, suffered heavy losses.
- 04The Nasdaq fell 3.5% and the S&P 500 dropped over 2% on Wall Street.
- 05The Tel Aviv Stock Exchange's TA-35 index lost 3.7% and defense stocks fell 7%.
The Tel Aviv Stock Exchange also closed down, with defense companies experiencing significant losses.
The coverage
One newsroom on this story
Who covered it
Coverage from i24NEWS French More reports may be added as coverage is matched.
