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Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points

Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points

Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.

CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds.

CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds.

By mid-afternoon, the Dow had fallen 1.4%, the S&P 500 went down 1.6%, and the Nasdaq dropped 1.8%.

The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies.

The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies.

The warning comes after Iran accused Israel of a deadly airstrike on a consulate in Damascus, Syria.

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The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza.

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The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza.

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Brent crude futures jumped up to $90.42 a barrel, and West Texas Intermediate crude futures increased to $86.65 a barrel.

Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce.

Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce.

CNN reports that Americans' opinions of the economy have dipped in the past few months amid persistently high inflation.

The geopolitical fears come as investors are already contending with concerns that the Federal Reserve could wait to bring interest rates down from a 23-year high.

Officials at the Fed have signaled that further rate hikes could still be on the way if the central bank's efforts to fight inflation stall.


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Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants. Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants. NBC reports that President Joe Biden will mark Earth Day with the announcement of $7 billion in federal grants for residential solar projects. NBC reports that President Joe Biden will mark Earth Day with the announcement of $7 billion in federal grants for residential solar projects. The grants will bring solar energy to over 900,000 households in both low- and middle-income communities. . According to senior administration officials, the projects receiving additional funding will reduce emissions by 30 million metric tons and save $350 million every year. . According to senior administration officials, the projects receiving additional funding will reduce emissions by 30 million metric tons and save $350 million every year. . NBC reports that solar power has gained traction as a clean energy source that could help reduce U.S. reliance on fossil fuels. However, the high cost of initial installation makes solar energy inaccessible for many households in the U.S. However, the high cost of initial installation makes solar energy inaccessible for many households in the U.S. 49 of the new grants will be awarded at the state level, six more will serve Native American tribes and another five are multi-state awards. The grants will be used for renewable investments that include rooftop solar and community solar gardens. . The grants will be used for renewable investments that include rooftop solar and community solar gardens. . Officials say that the latest environmental announcements are part of an effort to energize young voters ahead of his upcoming reelection campaign. Biden also reportedly plans to expand the American Climate Corps green jobs training program, which was created last year by executive action. . Biden also reportedly plans to expand the American Climate Corps green jobs training program, which was created last year by executive action. . The corps, which will offer nearly 2,000 positions across 36 states, is meant to offer young Americans the chance to help enact the Biden administration's climate agenda. . The corps, which will offer nearly 2,000 positions across 36 states, is meant to offer young Americans the chance to help enact the Biden administration's climate agenda.

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Joe Biden Vows 'Ironclad' Support For Israel Amid Iran Attack Fears | N18V | Israel Hamas [Video]

Joe Biden Vows 'Ironclad' Support For Israel Amid Iran Attack Fears | N18V | Israel Hamas

US President Joe Biden Vows 'Ironclad' Support For Israel Amid Iran Attack Fears. Fears Rise That Tehran Could Launch Reprisalsagainst Israeli Attack. Iran Is Threatening To Launch A..

Credit: Rumble     Duration: 08:00Published
American Agency Warns Israel: Iran's Retaliation Imminent After Consulate Attack in Syria?| [Video]

American Agency Warns Israel: Iran's Retaliation Imminent After Consulate Attack in Syria?|

American agencies have warned Israel of potential Iranian retaliation within 48 hours following an alleged Israeli airstrike on an Iranian consulate in Syria. Concerns grow over US troops' safety amid..

Credit: Oneindia     Duration: 02:37Published