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Stock markets fell Tuesday, driven by the ongoing Israel-Iran conflict and weaker-than-expected consumer spending. The Dow Jones dropped 0.70%, the S&P 500 fell 0.84%, and the Nasdaq declined 0.91%. President Trump threatened Iran's leader and deployed military assets to the Middle East, while prematurely leaving the G7 summit. Oil prices surged on escalating conflict, while weak retail sales data added to market concerns. The Federal Reserve's upcoming meeting is anticipated to maintain interest rates, though the weak retail data may influence their stance.

Prepared by Christopher Adams and reviewed by editorial team.