- Dow Jones futures are down more than points early Friday morning.
- The potential of a US-Iran war will decimate the stock market today.
- The economic recovery could hit the brakes if conflict ensues in the Middle East.
Dow Jones Industrial Average ( DJIA) futures are in free-fall mode early Friday morning as US-Iran tensions soared to a new high after a Trump-sanctioned airstrike killed General Qassem Soleimani – who heads the elite Quds Force. A stock market bloodbath is in the cards today as Iran has vowed revenge for the airstrike near Baghdad airport.
The Dow and the broader stock market entered on a high thanks to (a strong labor marketanda rally in the index’s largest component– Boeing ( NYSE: BA). But rising political tensions with Iran will knock the wind out of the stock market’s sails today. The U.S. is already urging citizens to leave Iraq as Iran’s Supreme Leader Ayatollah Ali Khamenei has warned Washington that the country will respond harshly.
Iranian foreign minister Mohammad Javad Zarif has already deemed the airstrike asa “violation of Iraqi sovereignty.” This indicates that Iran might not be afraid to go to war against the US given that tensions between the two countries have been mounting ever since Trump imposed penalties on the country after withdrawing from the nuclear deal.
Dow futures plunge as political tensions rise
Dow Jones futures were down (points, or 1.) ******************************************** percent, as of 5. 63 am ET. This provides a clear indication that investors will be looking to take money off the table in light of the heightened tensions between Washington and Tehran.
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