Stocks opened mostly lower on Friday as geopolitical tensions and disappointing earnings weighed on Wall Street. The Dow Jones Industrial Average rose slightly, while the S&P 500 and Nasdaq Composite both fell. The market was initially spooked by Israel’s retaliatory strike on Iran, causing a rush to safe havens like gold.
Investors were already on edge due to uncertainty about Federal Reserve interest-rate cuts. The S&P 500 had five losing days in a row, with Netflix reporting disappointing earnings that dragged down the tech sector. However, Procter & Gamble raised its full-year profit forecast, and American Express posted a profit beat.
US government bonds pulled back from their biggest rally of the year, and oil prices fluctuated after the initial spike caused by the Israeli strike. Gold prices also saw some volatility throughout the day.
Overall, the market remained under pressure as investors monitored the ongoing geopolitical tensions and awaited further earnings reports. Stay tuned for more updates as the situation continues to unfold.
