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HKEJ Breaking News - International Finance - US Stock Market Trends | US-Iran War Reignites, Dow Jones Drops Over 500 Points in Early Trading - HKEJ website hkej.com
US-Iran tensions reignite, Dow drops over 500 points in early trading.
As of 9:37 p.m. Hong Kong time, the Dow stood at 52,415 points, down 509 points or 0.96%; the S&P 500 was at 7,459 points, down 44 points or 0.59%; the Nasdaq was at 25,708 points, down 91 points or 0.36%.
US President Trump said that the US-Iran memorandum of understanding "has ended," and that he may strike Iran again tonight; if necessary, he will destroy higher-level targets and may take over Kharg Island.
Oil prices rose. New York crude oil futures are currently at $73.95 per barrel, up $3.51 or 4.98%; London Brent crude oil at $78.03, up $3.88 or 5.23%.