Stocks fall as oil prices surge following Israel attack on Iran
CBSN
Stocks are down on Friday, with oil prices surging in the wake of the Israel's military strike on Iran.
The S&P 500 slid 48 points, or 0.5%, to 5,998 points in early trading, while the Dow Jones Industrial Average dropped 559 points, or 1.3%, to 42,409 points. The Nasdaq Composite shed 0.8%.
The market slide comes after Israel launched strikes on Iran's nuclear sites and other targets early Friday, the start of what Israel said could be a days-long attack. Iran responded by launching over 100 drones, which Israel claimed it was able to mostly intercept.
President Trump ordered the release of 172 million barrels of oil from the United States' Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
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