From Investing.com: 2025-06-13 09:46:00

U.S. stocks are falling in risk-off trade after Israel launched an attack on Iran overnight, impacting risk sentiment and pulling stocks lower. Safe-haven gold has rallied, and oil prices surged. Stock markets in Asia, Europe, and the U.S. futures are under pressure, while safe-haven gold spiked to a peak of 3444. President Trump’s tariff warnings have added to market jitters. Tesla raised prices on its Model S and Model X cars. Apple is outperforming with strong iPhone sales in China. Oil majors like Chevron and Exxon are gaining amidst soaring oil prices. Defense stocks are rising amid geopolitical tensions. In the FX markets, the USD is recovering, while the EUR/USD is falling. Oil prices surged after Israel attacked Iran, with concerns over potential disruptions in the Strait of Hormuz.

The Dow Jones is easing lower after hitting resistance at 42,800, testing the 200 SMA at 42,600. The technical analysis suggests a potential move towards 41,800 if the 200 SMA is broken.

Overall, the news is impacting various sectors, from tech companies like Apple to oil majors and defense stocks. The geopolitical tensions and trade uncertainties continue to drive market volatility, impacting various asset classes. Investors are closely watching the developments over the weekend to see how they will affect the markets in the coming week.



Read more at Investing.com: Dow Jones Slumps in Risk-Off Trade Amid Middle East Escalation