US Stocks Tank on Inflation Fears, Israel-Iran Tensions

U.S. stocks tanked to finish the raucous trading week as the Dow Jones Industrial Average and the S&P 500 Index suffered the largest declines of 2024, fueled by geopolitical strife, renewed inflation fears, and red ink across major bank shares. The Dow Jones Industrial Average plunged 475.84 points, or 1.24 percent, to 37,938.24. The index posted a weekly loss of 2.37 percent, paring its year-to-date gain to 0.78 percent. The Nasdaq Composite Index slumped 267.10 points, or 1.72 percent, to 16,175.09. The tech-heavy index posted a weekly slide of 0.45 percent, trimming its 2024 rally to 7.75 percent. The benchmark S&P 500 shed 75.65 points, or 1.46 percent, to 5,123.41. This week, the index fell 1.55 percent, lowering its year-to-date increase to 7.41 percent....