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Wall St ends sharply lower as Iran retaliates against Israel attack

  • Wall Street ended sharply lower on Friday as Iran retaliated against Israel after Israeli strikes on Iranian nuclear sites and missile factories.
  • The retaliation followed escalating military actions, including Iran launching over 100 drones and missiles, amid ongoing efforts to limit Tehran's nuclear capabilities.
  • Markets saw broad declines with the Dow down about 770 points, the S&P 500 down 1.1% to 5,976.97, and the Nasdaq down 1.3% to 19,406.83, while energy and defense stocks gained.
  • Oil prices jumped nearly 7%, with U.S. crude hitting $72.98, as concerns grew that escalating conflict might interfere with oil shipments through the critical Strait of Hormuz.
  • The situation suggests prolonged tensions may persist, with ongoing U.S.-Iran talks scheduled Sunday and experts warning a broader conflict cannot be dismissed yet.
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CNBC broke the news in United States on Thursday, June 12, 2025.
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