The Dow Jones Industrial Average is flat after Iran responded to the U.S. killing of its military leader by firing missiles at a U.S. base in Iraq. But the damages are reportedly less than initially feared.
You can read more on how this affects the Dow today in our top market stories…
But before we get into this one, here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 28,583.68 -119.70 -0.42 S&P 500 3,237.18 -9.10 -0.28 Nasdaq 9,068.58 -2.88 -0.03
Now here’s a closer look at today’s most important market events and stocks. We’ll also discuss the stories that slipped under the radar of the mainstream financial press on Wednesday.
The Top Stock Market Stories for Wednesday This morning, oil prices are pulling back after surging as much as 4% late Tuesday night. Oil reversed after Iran decided not to target energy supply chains with their rocket attacks last night. Brent crude fell 1.3%, while WTI crude slumped nearly 2%. Last night, U.S. President Donald Trump tweeted “All is well” in response to the attacks and said that the U.S. military was assessing damages caused by the attacks. The president canceled an address to the nation last night. He will reportedly speak to the nation today.
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Meanwhile, the problems for Boeing Co. (NYSE: BA) continue to mount. A Boeing 737 plane bound for Kyiv, Ukraine, crashed just minutes after taking off from Tehran around