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U.S. Stock Market Trend | U.S.-Iran War Could Escalate, Dow Jones Falls 350 Points
The Iran-Iraq war could escalate, dragging the Dow Jones Industrial Average down by 350 points.
As of 11:11 p.m. local Hong Kong time, the Dow Jones reported 45,609 points, down 350 points, or 0.76%; the S&P 500 index reported 6,423 points, down 53 points, or 0.83%; and the Nasdaq reported 21,143 points, down 264 points, or 1.24%.
U.S. President Trump announced that the deadline for attacks on Iran’s energy facilities has been extended to April 6. He said that despite false news media and some other people issuing opposite incorrect statements, negotiations are going very smoothly.
However, Iran immediately pushed back, saying it has no intention of having any talks with the United States; at the same time, reports from the U.S. Department of Defense said it is currently studying sending an additional 10,000 ground troops to the Middle East, further escalating geopolitical tensions.
In European stocks, the UK’s FTSE 100 index reported 9,951 points, down 20 points, or 0.21%; Germany’s DAX index reported 22,285 points, down 327 points, or 1.45%; France’s CAC 40 index reported 7,701 points, down 68 points, or 0.88%; and Italy’s FTSE MIB index reported 43,284 points, down 417 points, or 0.96%.