Tags: Financial Markets | Iran | Middle East | Money | Trump Administration | futures | stock market

Stock Futures Plummet More Than 400 Points Amid Attack

a man grimaces as he looks at a indicators on a screen of a sinking market
(Richard Drew/AP)

By    |   Tuesday, 07 January 2020 07:55 PM

Stock futures plummeted at around 6:45 p.m. ET on Tuesday after reports surfaced missiles had been filed in multiple locations across Iraq.

CNBC reports the Dow Jones Industrial Average futures dropped 410 points and indicated a loss of 432 points at Wednesday's open. S&P 500 and Nasdaq 100 futures pointed to losses of at least 1.5%.

However, the news sparked a surge in oil and gas prices, CNBC reports. Crude futures jumped by more than 4% to around $65.44 per barrel. Gold futures for February delivery were up by 2.1%, trading at $1,609.3 per ounce.

Markets also tumbled in Asia, with Nikkei 225 in Japan down more than 2%. The Japanese yen, another safe-haven asset, strengthened against the U.S. dollar, however, trading at 107.89 around 7:45 a.m. HK/SIN, from an earlier low of 108.52.

A senior military source in Iraq confirmed to Fox News' Jennifer Griffin that targets were "under missile attack from Iran. These are either cruise missiles or short-range ballistic missiles. All over the country."

The missiles were fired in retaliation after Iranian Gen. Qassem Soleimani who was involved in terrorist activities throughout the Middle East was killed in an airstrike ordered by President Donald Trump on intelligence that he had been orchestrating an attack against Americans.

© 2020 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsfront
The Dow Jones Industrial Average futures dropped 410 points and indicated a loss of 432 points at Wednesday's open. S&P 500 and Nasdaq 100 futures pointed to losses of at least 1.5%, according to CNBC.
futures, stock market, dow jones, nasdaq, s&p 500, missile attack, war
209
2020-55-07
Tuesday, 07 January 2020 07:55 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved