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The S&P 500 index posted a 2.1% loss this week, marking its fifth consecutive weekly loss and putting the market benchmark on track for its largest monthly loss in three and a half years.

Data released Wednesday showed US producer prices rose at the fastest pace in seven months in February amid notable spikes in wholesale costs of food and energy,

Over the past few weeks, prices in various markets have fluctuated due to U.S. and Israeli attacks on Iran, one of the world's leading exporters of oil. These are our initial reactions to the immediate consequences and our theories on what is yet to come. Boomer vs Gen Z Financial Experts React – YouTube Series : Two financial advisors from different generations provide expert analysis and commentary on evolving news stories and market events. DISCLOSURE: Silverstone Financia

The S&P 500 index fell 1.6% this week, its third consecutive weekly decline, as oil prices continued to climb amid turmoil in the Middle East. Adding to investors' concerns, government data showed Q4 gross domestic product was lower than previously estimated amid weaker consumer spending and a larger downturn in exports.