Stock Market Today: Dow, S&P 500, Nasdaq Futures Drop, Oil Prices Jump as a Joint Attack from US and Israel Rocks Iran
Stock Market Reactions to US-Iran Conflict
The US-Iran conflict has sent shockwaves through the global stock market, with the Dow, S&P 500, and Nasdaq futures experiencing a significant drop. The joint attack from the US and Israel on Iran has led to a surge in oil prices, with Brent crude futures jumping 8.5% to $72.35 a barrel.
Market Reactions
The Dow futures fell 350 points, or 1.1%, to 31,400, while the S&P 500 futures dropped 1.2% to 3,850. The Nasdaq futures declined 1.5% to 13,150.
Oil Prices
The price of Brent crude oil surged 8.5% to $72.35 a barrel, while the US crude oil futures jumped 8.3% to $69.85 a barrel. The price of gasoline also rose, with the average price of regular gasoline in the US increasing to $2.85 a gallon.
Global Market Impact
The US-Iran conflict has had a significant impact on the global market, with many countries experiencing a decline in their stock market. The Australian airline Qantas' shares fell more than 10% on the US-Iran conflict, while the dollar gained and the euro sagged as the Iran war lifted energy prices.
Source
Sources
[1] Iran after Khamenei: What's next and what it means for the country?
[2] Australian airline Qantas’ shares fall more than 10% on US-Iran conflict
[3] Stock market today: Dow, S&P 500, Nasdaq futures drop, oil prices jump as a joint attack from US and Israel rocks Iran
[4] Dollar gains, euro sags as Iran war lifts energy prices