U.S. stocks fell on Friday following Israel's attack on Iran, which shook global markets and caused a spike in oil prices, after Iran labeled the attack as a "declaration of war"
The Dow Jones Industrial Average dropped by approximately 1.1% as investors lost appetite for riskier assets. The S&P 500 fell by 0.5%, while the tech-focused Nasdaq Composite declined by 0.7%
On Thursday night, Israel carried out what it called a "preventive strike" against Iran, citing fears over nuclear weapons development in Tehran. Crude oil prices surged by as much as 13% following the attacks on the third-largest OPEC producer. Gold, considered a safe-haven asset, rose by more than 1.5%.
The Dow Jones Industrial Average dropped by approximately 1.1% as investors lost appetite for riskier assets. The S&P 500 fell by 0.5%, while the tech-focused Nasdaq Composite declined by 0.7%
On Thursday night, Israel carried out what it called a "preventive strike" against Iran, citing fears over nuclear weapons development in Tehran. Crude oil prices surged by as much as 13% following the attacks on the third-largest OPEC producer. Gold, considered a safe-haven asset, rose by more than 1.5%.
