Dow Jones Futures Today
Dow Jones futures fell more than 1% at the lows but roared back a modest loss. They faded again somewhat to a 0.6% loss, likely in reaction to the reported Boeing 737 crash. The jet was not a 737 Max, which has been grounded since a fatal crash in March. Boeing stock is the largest weight on the price-weighted Dow Jones industrial average. S&P 500 futures were down just 0.3%. Nasdaq 100 futures retreated 0.55%.
Iran Missile Attack
Dow Jones futures sold off as two Iraqi bases with U.S. troops, including the al-Asad airbase, came under rocket attack. Iranian state TV said Tehran launched "tens" of missiles. Dow futures continued to slide as the Pentagon confirmed that "Iran launched more than a dozen ballistic missiles."
But futures came off their worst levels as fears eased of a rapid escalation in military action. First, there were no reports of serious casualties from the missile attacks.
Then Iran Foreign Minister Javad Zarif tweeted that Iran "concluded proportionate measures in self-defense," adding that "we do not seek escalation or war."
A few minutes later, President Trump tweeted that "All is well!"
Dow Jones futures fell more than 1% at the lows but roared back a modest loss. They faded again somewhat to a 0.6% loss, likely in reaction to the reported Boeing 737 crash. The jet was not a 737 Max, which has been grounded since a fatal crash in March. Boeing stock is the largest weight on the price-weighted Dow Jones industrial average. S&P 500 futures were down just 0.3%. Nasdaq 100 futures retreated 0.55%.
Iran Missile Attack
Dow Jones futures sold off as two Iraqi bases with U.S. troops, including the al-Asad airbase, came under rocket attack. Iranian state TV said Tehran launched "tens" of missiles. Dow futures continued to slide as the Pentagon confirmed that "Iran launched more than a dozen ballistic missiles."
But futures came off their worst levels as fears eased of a rapid escalation in military action. First, there were no reports of serious casualties from the missile attacks.
Then Iran Foreign Minister Javad Zarif tweeted that Iran "concluded proportionate measures in self-defense," adding that "we do not seek escalation or war."
A few minutes later, President Trump tweeted that "All is well!"