Stocks fall as oil prices surge following Israel attack on Iran

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.