Wall Street plunges in worst drop since the Iran war began
Global News
Stocks fell sharply Thursday, and oil prices rose as doubt took over again from hope on Wall Street about a possible end to the war with Iran.
Stocks fell sharply Thursday, and oil prices rose as doubt took over again from hope on Wall Street about a possible end to the war with Iran.
The S&P 500 slumped 1.7 per cent for its worst day since January and is back on track for a fifth straight losing week. That stretches back to before the Iran war began, and it would be the longest such losing streak in nearly four years.
The Dow Jones Industrial Average dropped 469 points, or one per cent, and the Nasdaq composite sank 2.4 per cent to fall more than 10 per cent below its all-time high set early this year.
That’s a steep enough drop that professional investors have a name for it: a “correction.”
Stock markets likewise tumbled across much of Asia and Europe.
They’re the latest flip – flops for financial markets in a week that began with big hopes after President Donald Trump said productive talks had taken place about ending the war.
But Iran denied direct talks were underway and then dismissed a U.S. proposal for a ceasefire that was delivered via Pakistan.
On Thursday, the fighting continued, and thousands more U.S. troops neared the region.
Corporate records obtained by Global News show the company's directors are all based in Qatar.
Sunday night's rampage came after mourners in the settlement of Elon Moreh held a funeral for an 18-year-old Israeli settler killed in a collision with a Palestinian vehicle.
The ambulances belonged to Hatzolah, a volunteer organization that responds to medical emergencies and works alongside the U.K.'s National Health Service.
The main U.S. indexes were on track to open higher on Monday after President Donald Trump said he would order the military to postpone strikes against Iranian power plants.
U.S. President Donald Trump said that the suspension of his threat to attack power plants was “subject to the success of the ongoing meetings and discussions.”
Israeli Prime Minister Benjamin Netanyahu claimed Israel and the U.S. were well on their way to achieving the war’s goals and implored the international community for more support.
Israeli Prime Minister Benjamin Netanyahu claimed Israel and the U.S. were well on their way to achieving the war’s goals and implored the international community for more support.
Canadians are preparing to sail to Gaza with an aid flotilla, despite expectations of interception and detention by Israeli forces
Trump also said ICE could carry out arrests at airports, including targeting undocumented immigrants, and made specific references to migrants from Somalia.
Trump says U.S. is nearing its Middle East objectives as allies condemn Iran’s actions in the Strait of Hormuz and warn of global energy impacts.
NATO’s top commander, Gen. Alexus Grynkewich, confirmed earlier Friday that the alliance has pulled several hundred personnel out of Iraq and relocated them to Europe.
The Epstein files revealed consistent communication between the royal and Epstein, including after he was convicted of child sex trafficking offences in 2008.
Prime Minister Mark Carney endorsed a statement after it was released by allies Thursday, expressing willingness to contribute to efforts to reopen the Strait of Hormuz..