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Dow falls more than 700 points on Friday as attacks between Israel and Iran escalate

2025.06.14, 09:02
Dow falls more than 700 points on Friday as attacks between Israel and Iran escalate

Stocks tumbled Friday after Israel launched a wave of airstrikes on Iran, pushing energy prices higher and adding another complication at a time of heightened geopolitical tensions.

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The Dow Jones Industrial Average fell 769.83 points, or 1.79%, ending at 42,197.79. The S&P 500 dropped 1.13% to close at 5,976.97, while the Nasdaq Composite lost 1.30% and settled at 19,406.83.

Nvidia and other stocks that have led the market’s comeback from the April lows dropped as investors shed risk. Oil and defense stocks were higher. Exxon added 2%, while Lockheed Martin and RTX each jumped more than 3%.

The market drop began Thursday evening as Israel’s defense minister Israel Katz declared a special state of emergency following an Israeli attack on Iran. Two U.S. officials said that there is no U.S. involvement or assistance, according to NBC News.

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