US Stock Market Highlights: Dow falls more than 700 points on Friday as attacks between Israel and Iran escalate

US Stock Market LIVE Updates: A tempered tilt to safety swept global markets after Israeli airstrikes on Iranian nuclear targets, with oil notching the biggest moves as traders stayed on edge for signs of an escalating confrontation. West Texas Intermediate crude jumped as much as 14%, before trimming the surge by more than half. The S&P 500 lost nearly 1%, almost erasing this week’s gains. Airline and travel companies got hit, while energy producers and defense shares rose.

US Stock Market LIVE Updates: A tempered tilt to safety swept global markets after Israeli airstrikes on Iranian nuclear targets, with oil notching the biggest moves as traders stayed on edge for signs of an escalating confrontation. West Texas Intermediate crude jumped as much as 14%, before trimming the surge by more than half. The S&P 500 lost nearly 1%, almost erasing this week’s gains. Airline and travel companies got hit, while energy producers and defense shares rose. Gold hovered near its all-time high. Treasuries were under modest pressure. The dollar edged up.
With major equity indexes still near recent highs and haven bids largely confined to gold, the market reaction suggests investors are holding back from a full repricing of geopolitical risk — at least until there’s a clearer sign that the conflict will escalate. The limited reaction in Treasuries and the dollar underscores the market’s wait-and-see approach.