Middle East Tensions Trigger Market Rollercoaster: Travel Stocks Plunge, Defense Soars
Middle East Tensions Trigger Market Rollercoaster: Travel Stocks Plunge, Defense Soars A wave of Israeli airstrikes on Iranian targets sent shockwaves through global markets Friday, creating a dramatic seesaw effect. While travel stocks plummeted, defense and energy sectors experienced a significant surge, reflecting investor anxieties about a potential escalation in the Middle East conflict. The immediate impact was a sharp drop in the travel and leisure sector. Fears of prolonged conflict, disrupted travel routes, and soaring fuel costs led to…