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Wall St ends sharply lower as Iran retaliates against Israel attack

  • Wall Street ended sharply lower on Friday as U.S. indexes fell following Iran's retaliatory missile strike on Israel after Israeli attacks on Iranian targets.
  • The market decline stemmed from escalating Middle East violence that sparked fears of disrupted crude oil supply via the Strait of Hormuz and a broader conflict.
  • The S&P 500 dropped 1.1% to 5,976.97, the Dow fell 770 points or 1.8% to 42,198, and the Nasdaq lost 1.3%, while defense stocks gained over 3%.
  • Oil prices surged nearly 7% due to supply concerns, pushing airline stocks down with Delta losing 3.8%, United 4.4%, and American Airlines 4.9%, amid fears of rising fuel costs.
  • Investors sought safe havens as tensions rose, with gold hitting a record and the dollar strengthening, while ongoing U.S.-Iran talks are scheduled in Oman on Sunday.
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CNBC broke the news in United States on Thursday, June 12, 2025.
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