Wall Street fell from a record high on Friday after a U.S. air strike in Iraq ra...
- Wall Street fell from a record high on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East, while a bigger-than-expected contraction in the U.S. manufacturing sector again fanned fears of slowing economic growth.
Demand for safe-haven assets soared as Iran vowed revenge for the killing of Qassem Soleimani, head of its elite Quds Force, in an air strike authorized by President Donald Trump. “The sharp escalation in tensions related to the Middle East is certainly driving the trading narrative for U.S. stocks,” said Peter Kenny, founder of Kenny’s Commentary LLC in New York.
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