Stock Futures Drop / Explosions reported in Iran

[James48843]

Stock futures drop 1% on unconfirmed reports of explosions in Iran: Live updates
Yun Li
WATCH LIVE

Traders on the floor of the New York Stock Exchange on Aug. 4, 2022.
Source: NYSE

Stock futures plunged Thursday evening after unconfirmed reports of explosions in Iran.

Iran's Fars news agency reportedly said that explosions were heard near the airport at the country's central Isfahan city, but the reason was unknown. Oil prices spiked more than 3% in Asia morning trading, with global benchmark Brent crude futures topping $90 a barrel.

Futures on the Dow Jones Industrial Average slid 430 points, or 1.15%. S&P 500 futures lost nearly 1.34%, and Nasdaq 100 futures were down 1.62%.

More:

Stock market today: Live updates


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[James48843]

Dow Futures now Down over 500 points, oil up 4% on news of Israel strikes inside Iran and Syria

Live updates: Israel attacks Iran, explosions in Isfahan, war in Gaza


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[James48843]

Stock futures tumbled overnight- Dow down 700 now. Could be a rough opening.

 

[Boghie]

Could be a buying opportunity for those who have some G-Fund on the sidelines.

To be clear, my 30% in G will always be there. I'm too close to retirement to take a risk with my seed corn. That 30% in G and 10% in F is 5 - 7 years of retirement desires when combined with my pension.

I might math out moving that 10% in F to C/S/I, but I would want a larger downturn than a point or two before that IFT. I'd be talking about a 7% - 10% correction before thinking heavily about that.