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Fallout From Military Strike Snaps S&P 500 Streak

Markets slump amid world tension
By Newser Editors and Wire Services
Posted Jan 3, 2020 3:07 PM CST
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In this Dec. 11, 2019, file photo, trader Michael Urkonis, left, and specialist Anthony Matesic work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks fell broadly on Wall Street and oil prices surged Friday after the US military strike that killed a top Iranian general in Iraq. The killing rattled global markets and knocked US stock indexes off their recent all-time highs, per the AP. The selling also snapped the S&P 500's five-week winning streak, with the index falling 23 points to 3,234. The Dow fell 233 points to 28,7634, and the Nasdaq dropped 71 points to 9,020. Meanwhile, benchmark US crude climbed $1.87, or 3.1%, to settle at $63.05 per barrel. (Read more stock market stories.)

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