(Sharecast News) - Major indices were in the red early on Friday as market participants reacted to news that Israel launched an airstrike on Iran.
As of 1445 BST, the Dow Jones Industrial Average was down 1.13% at 42,483.14, while the S&P 500 lost 0.68% to 6,003.96, and the Nasdaq Composite came out of the gate 0.79% weaker at 19,508.04.
The Dow opened 484.48 points lower on Friday, more than reversing gains recorded in the previous session following the publication of last month's producer price index from the Bureau of Labor Statistics.
Stocks headed south after Israel's defence minister declared a special state of emergency following an Israeli attack on Iran, targeting the country's nuclear facilities and missile factories, to which it retaliated by launching 100 drones.
Overnight, some 200 fighter jets attacked the country's main uranium enrichment facility at Natanz, as well as Iranian commanders and nuclear scientists, according to the Wall Street Journal. Mossad agents were also said to be hunting leadership targets in Tehran. The US Department of State claimed that Washington was not involved in the strike and did not assist with the attack on Iran in any way, with Donald Trump only advised of the attack shortly beforehand.
"There has already been great death and destruction, but there is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end. Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire," Trump said. "No more death, no more destruction, JUST DO IT, BEFORE IT IS TOO LATE."
Following the news, Brent crude surged 6.88% to $74.13 per barrel, while West Texas Intermediate was 7.10% higher at $72.87 a barrel.
Elsewhere, fears regarding unilateral tariffs resurfaced after Trump said, "we're dealing with Japan, we're dealing with South Korea. We're dealing with a lot of them. So we're going to be sending letters out, in about a week and a half, two weeks, to countries, telling them what the deal is, like I did with EU."
On the macro front, a preliminary reading of the University of Michigan's June consumer expectations report will be published at 1500 BST.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Amgen Inc. (AMGN) $297.29 1.88%
Cisco Systems Inc. (CSCO) $65.10 1.42%
Microsoft Corp. (MSFT) $478.87 1.32%
Intel Corp. (INTC) $20.77 0.44%
Apple Inc. (AAPL) $199.20 0.21%
Walgreens Boots Alliance, Inc. (WBA) $11.36 0.18%
Johnson & Johnson (JNJ) $156.64 0.00%
Chevron Corp. (CVX) $144.95 0.00%
Salesforce.Com Inc. (CRM) $266.91 0.00%
Travelers Company Inc. (TRV) $265.99 0.00%
Dow Jones - Fallers
Travelers Company Inc. (TRV) $265.99 0.00%
Merck & Co. Inc. (MRK) $81.76 0.00%
Caterpillar Inc. (CAT) $360.96 0.00%
Walt Disney Co. (DIS) $118.55 0.00%
Johnson & Johnson (JNJ) $156.64 0.00%
Chevron Corp. (CVX) $144.95 0.00%
Home Depot Inc. (HD) $363.08 0.00%
Dowdupont Inc. (DWDP) $0.00 0.00%
Nike Inc. (NKE) $62.80 0.00%
Salesforce.Com Inc. (CRM) $266.91 0.00%
S&P 500 - Risers
Cintas Corp. (CTAS) $223.57 0.00%
Kimco Realty Corp. (KIM) $20.99 0.00%
Take-Two Interactive Software Inc. (TTWO) $234.46 0.00%
VF Corp. (VFC) $12.63 0.00%
Gartner Inc. (IT) $413.59 0.00%
Danaher Corp. (DHR) $205.10 0.00%
Dollar General Corp (DG) $111.84 0.00%
PNC Financial Services Group (PNC) $177.66 0.00%
Borg Warner Inc. (BWA) $33.38 0.00%
Ameriprise Financial Inc. (AMP) $515.72 0.00%
S&P 500 - Fallers
PPG Industries Inc. (PPG) $111.99 0.00%
Boston Scientific Corp. (BSX) $98.48 0.00%
Charles Schwab Corp. (SCHW) $88.53 0.00%
Coty Inc. Class A (COTY) $5.03 0.00%
Huntington Bancshares Inc. (HBAN) $15.96 0.00%
VeriSign Inc. (VRSN) $281.81 0.00%
Vulcan Materials Co. (VMC) $265.47 0.00%
General Electric Co. (GE) $239.99 0.00%
Mettler Toledo International (MTD) $1,189.03 0.00%
Alliant Energy Corp. (LNT) $61.53 0.00%
Nasdaq 100 - Risers
Henry Schein Inc. (HSIC) $71.08 0.00%
Tesla Inc (TSLA) $319.11 0.00%
Mondelez International Inc. (MDLZ) $68.12 0.00%
Kraft Heinz Co. (KHC) $26.46 0.00%
Synopsys Inc. (SNPS) $494.99 0.00%
American Airlines Group (AAL) $10.90 0.00%
Cisco Systems Inc. (CSCO) $65.10 0.00%
Fastenal Co. (FAST) $42.86 0.00%
Automatic Data Processing Inc. (ADP) $309.75 0.00%
DENTSPLY Sirona Inc. (XRAY) $16.01 0.00%
Nasdaq 100 - Fallers
Henry Schein Inc. (HSIC) $71.08 0.00%
Tesla Inc (TSLA) $319.11 0.00%
Mondelez International Inc. (MDLZ) $68.12 0.00%
Kraft Heinz Co. (KHC) $26.46 0.00%
Synopsys Inc. (SNPS) $494.99 0.00%
American Airlines Group (AAL) $10.90 0.00%
Cisco Systems Inc. (CSCO) $65.10 0.00%
Fastenal Co. (FAST) $42.86 0.00%
Automatic Data Processing Inc. (ADP) $309.75 0.00%
DENTSPLY Sirona Inc. (XRAY) $16.01 0.00%
34.29 (0.39%)
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