- Dow Jones Industrial Average (DJIA) futures jumped points in overnight trading Thursday.
- Traders pile back into stocks as Trump eased tensions with Iran.
- But the conflict isn’t over. Prominent US General still expects direct attacks on US troops.
Dow Jones Industrial Average (DJIA) futures soared higher on Tuesday, pointing to a strong stock market open. Trump’s message ofpeace with Iran appears to have boosted investor sentimentand supported the markets.
But this conflict. is far from over. Chairman of the Joint Chiefs of Staff, General Mark Milley warned thatIran’s retaliation isn’t over yetMilley and others in the military said they “fully expect” further attacks on US troops, lead by Iran-backed Shiite militia.“That’s a very real possibility,” he told reporters.
Traders are still on edge over Middle East tensions and surprise attacks could threaten the stock market’s record highs.
Dow futures climb 100 points overnight
enjoyed a strong overnight session, climbing more than points before settling at (***************************************************************, ************************************************ (**************************************************** Dow Jones Industrial Average (DJIA) future s climbed on Tuesday as tensions in Iran de-escalate, for now. Source: Yahoo Finance************************ (S&P) ************************************************** (futures) andNasdaq Composite futureswere up 0. (% and 0.) ****************************************************** (% respectively, after) **************************** (closing at record highsin yesterday’s session.Bitcoin traded slightly lower at $ 7,
Trump took steps to de-escalate tensions with Iran yesterday after the killing of Qassem Soleimani and the subsequent Iranian attacks on US military bases.
**** appears to be standing down, which is a good thing for all parties concerned ”- President Trump.The president instead opted for strict economic sanctions on the Iranian regime.
General Milley stated:
I believe, based on what I saw and what I know, is that [the strikes] were intended to cause structural damage, destroy vehicles and equipment and aircraft and to kill personnel. That’s my own personal assessment.
Milley thinks further retaliations are still on the table. Iran supreme leader Ayatollah Ali Khamenei also hinted at further attacks. In a tweet, he said the Iran response was “not enough.”
Dow Jones still on edge over Middle East tensions
While the risk of all-out war has faded, traders remain on edge. The Dow Jonesrecoiled from its session highs yesterdayon reports of rocket fire and sirens at the US embassy in Baghdad.
Any hint of aggression in the region is likely to inject volatility in the stock market over the coming months. The good news is that both sides appear to favor de-escalation, but wecan’t rule out future attacks
“There’s likely still more to come from the Iranians, just not something in the very immediate future ”- Heather Williams, Rand Corporation.
This article was edited by********************** Samburaj Das (**********************************.
(********************************************************************** Read More********************************
GIPHY App Key not set. Please check settings