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US Stock Market Trend | US-Iran War Flames Reignite, Dow Falls Over 500 Points in Early Trading
US-Iran conflict reignites, Dow drops over 500 points in early trade.
As of 9:37 PM Hong Kong time, the Dow Jones Industrial Average 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%.
U.S. President Trump said the US-Iran Memorandum of Understanding "is terminated" and may strike Iran again tonight; if necessary, he will destroy higher-level targets and may take over Kharg Island.
Oil prices rose, with New York crude futures currently at $73.95 per barrel, up $3.51 or 4.98%; London Brent crude was at $78.03 per barrel, up $3.88 or 5.23%.