Markets Dip Amid Geopolitical Tensions | Dublin News

Global markets took a hit Friday as Iran tensions escalated and the U.S. signaled potential economic pressure, including a naval blockade, sending oil prices up to $87.68 a barrel. In Dublin, stocks fell nearly 0.4%, with food, construction, and travel sectors dragged down — though Kingspan rebounded 4.5% after a major expansion. London’s FTSE 100 slid 0.2%, its first weekly drop since early July, with miner Antofagasta falling sharply, while software firms like Sage and Experian rose on acquisition rumors. Europe’s Stoxx 600 also dropped 0.2%, led by healthcare declines, but defense stocks climbed and tech giants SAP and Nemetschek gained. On Wall Street, tech dragged the S&P 500 lower after a record high, with Broadcom and Applied Materials plummeting — but data storage and energy rallied, and Reddit surged over 12% after joining the S&P 500. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a663fe038211541f