About 20 minutes into trading, the Dow Jones Industrial Average stood at 28,661.44, down 0.7 per cent.
Major indices had closed at records on Thursday, but the US attack on Qasem Soleimani — and Iran’s threat to avenge his death — shook the market out of a state of contentment that has produced numerous records in recent weeks. Patrick O’Hare, the analyst at Briefing.com, said “the market has been operating in an overbought condition for some time” and that the Soleimani killing could be a catalyst for a pullback that investors had already been anticipating.
The 🥁 of war is beating 🤔