Headline from ABC 7 San Francisco, on the newest of 2 developments
The Dow Jones Industrial Average plunged more than 1,000 points in early trading on Tuesday as the ongoing war with Iran prompted a major selloff.
ABC 7 San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Dow futures fall 350 points on U.S.-Iran conflict, but oil prices pare gains as Trump hints at sanctions relief for new leadership
Global stocks remained volatile for a second day Tuesday, moving sharply lower as concern mounted among investors that the widening conflict in the Middle East could escalate further.
Wall Street’s main indexes fell more than 2% today, with the S&P 500 hitting its lowest in over two months, as investors braced for the impact of a widening Middle East conflict on oil prices, inflation and global trade.
Investors are recoiling as the war in Iran intensifies, driving up global oil prices. "Global financial markets are in disarray," one Wall Street analyst said.
Global stocks remained volatile for a second day Tuesday, moving lower as concern mounted among investors that the widening conflict in the Middle East could escalate further. The Dow sank 597 points, or 1.2%, paring some losses after tumbling more than 1,200 points earlier. The S&P 500 sank 1.
