NEWS
ECONOMY   Exchange & Stocks  

US Stock Markets Fall in Aftermath of Top Iranian Commander Assassination

Dow Jones and S&P 500 stock indexes posted their biggest losses in a month after a US assault assassinated Islamic Revolution Guards Corps (IRGC) Qods Force Commander Lieutenant General Qassem Soleimani, tempered only by the buoyant mood of defense and oil-related shares.

Wall Street stocks went down at the news of the assassination of General Soleimani in Iraq on Friday morning.

As markets closed on Friday, the Dow Jones Industrial Average shed 233.92 points or 0.8 percent, in what was its biggest single-day drop in a month. The S&P 500 did not fare much better, plummeting more than 0.7 percent to close the day at 3.234.85 as renewed fears over of a large-scale conflict potentially breaking out in the Middle East soured investor mood.

Defense and aerospace shares surged, however, with Northrop Grumman (NOC) stocks rising 5.45 percent. Lockheed Martin, the maker of the beleaguered F-35 jets, saw its stocks jump 3.63 percent, their best showing in half a year. Missile-maker Raytheon also rallied at the news, adding around 1.5 percent.

Oil and gold stocks were also jubilant. Brent crude leaped 3.5 percent to over $68 a barrel, while US crude climbed 3.1 percent to reach $63.05 a barrel. The US attack drove up gold prices, too. They rose to the highest level in four months.

Surging oil prices caused air carriers to slump as well, with American Airlines losing 4.81% of its value and Delta Air Lines 1.86%, and United losing 2%.

The top commander was martyred in a targeted assassination attack by US aircraft at Baghdad International Airport early Friday morning. The airstrike also martyred Abu Mahdi al-Muhandis, deputy commander of Iraq's Popular Mobilization Forces (PMF), or Hashad al-Shabi.

The Pentagon has announced that President Donald Trump authorized a US military strike near Baghdad's airport which resulted in the martyrdom of General Soleimani.

Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei has stated those who assassinated General Soleimani must await a tough revenge.

News No: 8190
Date: 2020/01/04 - 18:38
News Source: Fars News

US Stock Market  S&P 500  IRGC  General Qassem Soleimani  Seyed Ali Khamenei 

Comments:

Leave a Comment:

   
   
   
 

Iran's Economy Minister Asks FATF to Protest at US Financing of Terrorist Acts

Iranian Economy Minister Farhad Dejpasand called on the Financial Action Task Force to protest at the US allocation of a budget for terrorist acts like assassination of IRGC Qods Force Commander Lieutenant General Qassem Soleimani.
 

Iran Makes Anti-Moss Nano-Coating for Watercraft

An Iranian knowledge-based company has used nanotechnology to develop a special coating that prevents the growth of marine organisms, such as moss, on the outer layer of the hull of ships.
 

CBI Chief: Iran’s National Currency Regains Value by 21%

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati, in an Instagram post on Monday, recounted that the value of his country’s national currency has improved by 21%, adding that Tehran has succeeded in beating the US sanctions.
 

Oil for development” budget, challenges and opportunities

Iran has recently announced that its next fiscal year’s budget is going to be set with less reliance on oil revenues.
 

Ayatollah Khamenei: Iran to Keep Reducing JCPOA Commitments

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said Iran will continue to reduce its commitments to the 2015 nuclear deal until it gets the desirable results, stressing that the US policy of maximum pressure on the Islamic Republic has ended in failure.
 

AEOI Says Reducing Iran JCPOA Commitments

The Atomic Energy Organization of Iran (AEOI) gave an assurance that it would continue to scale back the country’s commitments under the 2015 nuclear deal in compliance with Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei’s guidelines.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners