Dow Recoils After Baghdad Rocket Strike Report Reverses Stock Rally, Crypto Coins News

• Stocks careened from their session highs in the minutes before the closing bell.
• The Dow, S&P 500, and Nasdaq all suffered substantial setbacks.
• The sudden pullback followed reports of rocket fire in Baghdad.

The headlines will tell you that theDow advanced by triple digits on Wednesday.

Dow Stumbles Into the Closing Bell; Gold & Oil Prices Bounce

But after the bellwether index flirted with a 501 – point surge, the stock market’s record-setting day almost unraveled in the minutes before the closing bell.

The Nasdaq and S&P************************************** suffers similar pullbacks, while the gold and oil prices bounced off their session lows.

Reports: Rockets Land in Baghdad Green. Zone

The abrupt swing in risk sentiment coincided with on-the-ground reports of rocket fire in Baghdad’s Green Zone.

, stating that police sources said multiple Katyusha rockets had fallen within the Green Zone of Iraqi capital city and started a fire. According to the Iraqi military, no casualties had been reported.

Further details remain slim, but the new development comes just hours after President Donald Trump told Americans thatIran appeared to be standingdown after launching a barrage ofmissile strikes that analysts described as “harmless.”

Trump’s comments helped ignite a phenomenal stock market rally as Wall Street gambled that the worst of the US-Iran military hostilities had already passed, particularly since Iranappeared to deliberately avoid killing US personnel.

This article was edited by (Sam Bourgi) **********************************************************************

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