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Stock Market Today: Dow Dives 769 Points on Iran-Israel Conflict

Losses accelerated in afternoon trading amid reports Iran retaliated against Israel.
On April 15, 2024, the Dow Jones Industrial Average plummeted 769 points, marking a significant downturn amid escalating tensions between Iran and Israel. The conflict heightened fears of a broader Middle East war, causing investors to seek safer assets, which led to a surge in gold prices and a drop in Treasury yields. The S&P 500 and Nasdaq also experienced declines, with the S&P 500 falling 1.5% and the Nasdaq dropping 1.6%. Major companies like Boeing and Chevron saw their stock prices decrease, while defense contractors such as Lockheed Martin and Northrop Grumman saw gains due to increased demand for military equipment. The market's reaction underscored the geopolitical risks influencing global financial markets.

Read the Full Kiplinger Article at:
https://www.kiplinger.com/investing/stocks/stock-market-today-dow-dives-769-points-on-iran-israel-conflict

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