From Yahoo Finance: 2024-04-13 00:13:22

US stocks fell on Friday amid fears of a potential Iranian attack against Israel. This news sent oil prices higher and interest rates lower. Additionally, first-quarter earnings reports left investors unimpressed, with major banks like JPMorgan, Wells Fargo, and Citigroup seeing significant sell-offs despite better-than-expected results. The Dow Jones Industrial Average dropped by nearly 500 points as US intelligence reports indicated an imminent potential attack against Israel by Iran or its proxies. The escalating tensions in the Middle East and geopolitical uncertainties pushed oil prices up and bond yields down, further impacting the market.



Read more at Yahoo Finance: Dow drops 475 points as Israel braces for potential attack from Iran