Here’s Why Stocks Plunged, Oil Prices Surged After U.S. Airstrike Kills Iran’s Top Military Leader

U.S. stock futures plunged on Friday morning following the news, with the S&P 500 down almost 1% and the Dow down nearly 300 points, or 0.9%, in pre-market trading.

The escalating tensions between the U.S. and Iran also weighed on other global stock markets: The Stoxx Europe 600 fell by 0.8%, the UK’s FTSE 100 by 0.7% and Hong Kong’s Hang Seng index was down 0.3%, for example. While stocks retreated from their early 2020 rally, oil prices surged more than 4%, hitting an 8-month high of almost $70 per barrel. that the U.S. airstrikes will lead Iran to retaliate by attacking oil infrastructure of U.S. allies in the Middle East, like Saudi Arabia, according to CNBC. Such a retaliation would disrupt global oil supply chains and likely also send the prices oil skyrocketing further.

skleb1234 is that paul hollywood

skleb1234 Iran down !

skleb1234 Just temporary. In a month we will own all the Iranian oil fields, and gas is gonna be 50cents a gallon

skleb1234 There is no reason for oil to surge this is crap!

skleb1234 Trump has Iran by the P*ssy!

skleb1234 US's dual games with terrorism & Economy around middle east.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Don’t laugh, here’s why the ‘great rotation’ from bonds to stocks could finally happen in 2020After years of false starts, talk of a “great rotation” out of bonds and into stocks is now usually met with derision. But the phenomenon has been a feature of the late innings of “all great bull markets” — and this one should be no exception, argues a prominent Wall Street analyst. Brett
Source: MarketWatch - 🏆 3. / 97 Read more »

Why stock market traders should be terrified of robots in the next decadeFear the algos over the next decade, says one veteran trader in the stock market. America won't be satisfied until every job is replaced by automation. Enjoy getting a paycheck while it lasts people! Sex robots.
Source: YahooNews - 🏆 380. / 59 Read more »