Israel, Dow Jones industrial average and Iran
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The S&P 500 and Nasdaq composite index lost more than 1 percent. The Dow Jones Industrial Average decreased 1.8 percent, dragged down by three of its 30 stocks.
The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 600 points from the previous day’s close as investors pulled back following Israel’s unexpected wave of strikes on Iran. Consumer sentiment data rebounded more than expected, helping to ease Friday’s downside momentum.
Oil prices leapt, and stocks fell on worries that escalating violence following Israel's attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.
The blue-chip Dow Jones Industrial Average was headed for its worst daily drop in almost a month on Friday as the Israel-Iran conflict rattles investors, after easing back from session lows. The Dow was down about 774 points,
Global markets were under pressure amid escalating Middle-East tensions, as US index futures fell, oil prices surged, and safe-haven gold approached record highs.
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Currently, SP500 is trying to settle below the support at 6000 – 6010. In case this attempt is successful, SP500 will move towards the next support level at 5910 – 5920. NASDAQ is losing ground as traders sell riskier assets amid rising geopolitical tensions.
Stock futures fell sharply early Thursday, pointing to a rocky open as Wall Street grapples with a tragic plane crash involving Dow component Boeing (BA) and digests a blockbuster earnings report from software giant Oracle (ORCL).
All three major U.S. stock indexes closed in positive year-to-date territory simultaneously for the first time since Feb. 21. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all rose by 1%,
Shares of Sherwin-Williams Co. and Visa are trading lower Friday afternoon, propelling the Dow Jones Industrial Average selloff. The Dow was most recently trading 822 points, or 1.9%, lower, as shares of Sherwin-Williams Co.