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Wall Street on Friday snapped a two-week winning run, driven mainly by a slide in tech stocks as the high-flying AI trade continued to unwind, sending chip names into bear market territory. Sentiment also took a hit as escalating U.S.-Iran tensions boosted oil prices, leading to a resurgence in inflationary concerns.
17:20 The Iranian Revolutionary Guard stated that two Iranian missiles successfully penetrated the Patriot missile defense system. At least two Iranian ballistic missiles hit an airbase in Jordan. Despite the relatively small number of ballistic missiles launched by Iran, the success rate of their attacks seems to have steadily increased over the past few days。
According to the Kuwait News Agency, Kuwait Petroleum Corporation stated that a key oil facility was attacked by Iran, causing multiple injuries and significant damage.
08:32
According to NewsNation, U.S. President Trump once again emphasized that Iran "cannot, and should not, have nuclear weapons." After Iran announced the suspension of its commitments under the interim agreement, Trump said he "couldn't care less."
06:24 U.S. Launches New Strikes Against Iran -CentCom