S&P 500 Down 3.7% Since Feb. 28 Amid Iran Conflict; Gas Prices Rise $1

Since February 28, the S&P 500 has declined by 3.7% following events related to the Iran conflict, including the assassination of Iranian Supreme Leader Ali Khamenei. However, the index remains up 15% over the past year. Gas prices have increased by approximately $1 per gallon in the past month. Analysts note that while this pullback is significant, a 5% drop is common and should not derail long-term investment plans, particularly for retirees. The conflict has also raised expectations for sustained inflation.