Market Volatility Intensifies as Nasdaq Drops 1%; BlackRock’s Rieder Calls for Fed Rate Cuts Amid Iran War Tensions

Key TakeawaysUS stocks extended their decline on Monday, with the Nasdaq dropping 1.00% as investors weighed escalating Middle East tensions against shifting monetary policy expectations.BlackRock’s Rick Rieder called for the Federal Reserve to cut interest rates, arguing that the current restrictive policy is disproportionately harming small businesses and the US government.Senators Lummis and Cassidy introduced the "Mined in America Act," a bipartisan bill designed to boost domestic Bitcoin mining and cod ...