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Mario Nawfal, founder & CEO at IBC Group, reports a sharp decline in major markets following a statement by U.S. President Donald Trump declaring the Iran ceasefire "over."
According to Nawfal, the S&P 500 fell 1.0%, Nasdaq dropped 1.5%, and the Dow declined 1.3%. In contrast, WTI Crude rose 5.0%, Brent jumped 6.0%, while gold slipped 2.5%.
Nawfal previously highlighted Elon Musk's net worth surge of $164.8 billion in a single day, surpassing Warren Buffett's lifetime fortune of $146 billion, in recent coverage. He has also discussed Elon Musk's introduction of STARMIND, SpaceX's new AI network from space using 1 million satellites, as reported in another article. These reports reflect Nawfal's ongoing focus on major tech and market developments.