Episode Details
Back to EpisodesPre-Market Report – Thursday 11 June: US Markets stumble again - Missiles fly - SPI down 65 - Resources to get hit again - Gold down - Oil up
Description
U.S. equities fell on Wednesday after President Donald Trump signaled that negotiations with Iran were taking “too long” and threatened more action.
The Dow Jones Industrial Average fell by 953.33 points, or 1.87%, to 49,918.78. The S&P 500 lost 1.62% to end at 7,266.99, and the Nasdaq Composite dropped 1.98% to settle at 25,169.50.
The major averages dropped after Trump pledged more Iran attacks, saying that “we’re going to be attacking them very hard.” He wrote early Wednesday that Iran has “taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!”
Oil prices rose after Trump’s threats. West Texas Intermediate crude futures settled up 2.07% to $90.03 a barrel, while Brent crude advanced 1.8% to settle at $93.10.
SPI down 65 - Oil up on hostilities - Gold down - US Futures down after hours.
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