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Middle East tensions weigh on markets

From channelnewsasia.com

Wall Street stocks tumbled on Friday (Apr 12) despite solid bank earnings as oil and gold prices shot up amid worries about a potential widening of conflict in the Middle East. After spending the entire session in the red, the Dow Jones Industrial Average finished down 1.2 per cent, or 475 points, at 37,983.24. "Heightened geopolitical uncertainty in front of a weekend contributed to today's sell-off," said Briefing.com. Market watchers cited worries about an imminent attack on Israel by Iran to retaliate for a strike in Damascus - a possibility also raised by President Joe Biden, who urged Iran against the move. Oil ... (full story)

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