NEW YORK - Wall Street stocks retreated from records early on Friday after a US strike killed a top Iranian commander, prompting threats of reprisal by Teheran.
The broad-based S&P 500 also shed 0.7 per cent to 3,236.58, while the tech-rich Nasdaq Composite Index dropped 0.8 per cent to 9,023.75. US Secretary of State Mike Pompeo said Soleimani had been planning imminent action that threatened American citizens when he was killed in a US strike. "However, if the market quickly bounces back, it may just invite more speculative excess that could be a setup for a larger downside correction when one actually happens," O'Hare added.