Reported 1 day ago
US stock markets fell sharply as Israel launched a significant strike against Iran, escalating tensions and causing oil prices to soar by nearly 13%. The Dow Jones dropped about 1%, whereas the S&P 500 and Nasdaq also recorded losses. Investors fled to safer assets amidst fears of retaliation from Iran, which described the attack as a "declaration of war." Rising oil prices boosted energy stocks, while gold also saw an increase as market participants reacted to the geopolitical crisis.
Source: YAHOO