Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points from intermediate 2020 result ts Watch Video

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✓ Published: 13-Apr-2024

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Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.<br/>CNN reports that United States stocks dropped on <br/>April 12 amid rising tensions in the Middle East pushing <br/>traders to seek safe havens like gold and bonds.<br/>CNN reports that United States stocks dropped on <br/>April 12 amid rising tensions in the Middle East pushing <br/>traders to seek safe havens like gold and bonds.<br/>By mid-afternoon, the Dow had fallen <br/>1.4%, the S&P 500 went down 1.6%, <br/>and the Nasdaq dropped 1.8%.<br/>The dip came after the White House announced <br/>that both the U.S. and Israel are on alert for <br/>a potential attack by Iran or its allies.<br/>The dip came after the White House announced <br/>that both the U.S. and Israel are on alert for <br/>a potential attack by Iran or its allies.<br/>The warning comes after Iran <br/>accused Israel of a deadly airstrike <br/>on a consulate in Damascus, Syria. .<br/>The news also sent oil prices up amid <br/>fears of regional tensions escalating <br/>as a result of the ongoing war in Gaza. .<br/>The news also sent oil prices up amid <br/>fears of regional tensions escalating <br/>as a result of the ongoing war in Gaza. .<br/>Brent crude futures jumped up to $90.42 <br/>a barrel, and West Texas Intermediate crude <br/>futures increased to $86.65 a barrel.<br/>Those geopolitical concerns and subsequent <br/>rising oil prices sent investors to safe havens like <br/>gold futures, which rose to $2,379 a troy ounce.<br/>Those geopolitical concerns and subsequent <br/>rising oil prices sent investors to safe havens like <br/>gold futures, which rose to $2,379 a troy ounce.<br/>CNN reports that Americans' opinions of <br/>the economy have dipped in the past few <br/>months amid persistently high inflation.<br/>The geopolitical fears come as investors are already <br/>contending with concerns that the Federal Reserve could <br/>wait to bring interest rates down from a 23-year high.<br/>Officials at the Fed have signaled that further rate <br/>hikes could still be on the way if the central <br/>bank's efforts to fight inflation stall.