U.S. Launches Additional Strikes on Iran at Trump's Direction as Stocks Fall Sharply
Futures fell and oil rose after the strikes. Regular-session indexes posted their largest declines of the week.
CnbcU.S. Central Command forces launched additional self-defense strikes against Iran late Wednesday at the direction of President Donald Trump. 2 percent, after the announcement.
West Texas Intermediate crude futures rose 2 percent to trade near $92 a barrel. 87 percent, on Wednesday. 98 percent.
Oracle shares dropped more than 7 percent in extended trading after the company said it would raise an additional $20 billion in equity and debt to fund its artificial-intelligence buildout. President Donald Trump said Tehran was taking too long to agree to a potential deal and that Iran would pay the price. He added that the United States will be attacking Iran very hard.
Victoria Fernandez, chief market strategist at Crossmark Global Investments, said investors were rotating out of technology into sectors viewed as a hedge. She cited client flows into pharmaceuticals, biotech, financials and energy. m.
ET Thursday. 0 percent gains. Initial jobless claims for the week ended June 6 will also be released Thursday morning.
