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US STOCKS-Futures slip as Iran's attack on U.S. forces heighten Middle East tensions

Published 01/08/2020, 01:53 PM
Updated 01/08/2020, 01:56 PM
US STOCKS-Futures slip as Iran's attack on U.S. forces heighten Middle East tensions

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* Futures down: Dow 0.65%, S&P 0.34%, Nasdaq 0.48%

Jan 8 (Reuters) - U.S. stock index futures fell on Wednesday
as Iran fired missiles at U.S.-led forces in Iraq in retaliation
to the killing of a top Iranian commander last week, sparking
fears of a wider war in the Middle East.
Iran fired more than a dozen ballistic missiles on at least
two Iraqi facilities hosting U.S.-led coalition personnel at
about 2230 GMT on Tuesday, the U.S. military said. The attack rattled global financial markets and sent
investors scurrying for safe-haven assets, with S&P futures
.EScv1 tumbling as much as 1.7% and the benchmark U.S. 10-year
Treasury yield falling to a one-month low. Oil prices jumped
about $3. MKTS/GLOB
Investors have been on edge since Friday when a U.S. drone
strike killed Qassem Soleimani, commander of Iran's elite Quds
Force, prompting a vow of harsh revenge from Iran's Supreme
Leader Ayatollah Ali Khamenei.
But U.S. stock index futures were trading off session lows
after Iranian officials said on Wednesday that their country did
not want a war and its strikes "concluded" its response to the
killing of Soleimani, whose burial was completed almost at the
same time as the missile launches.
In a tweet, President Donald Trump said an assessment of
casualties and damage from the strikes was under way and that he
would make a statement on Wednesday morning.
At 12:47 a.m. ET, Dow e-minis 1YMcv1 were down 184 points,
or 0.65%. S&P 500 e-minis EScv1 were down 11 points, or 0.34%
and Nasdaq 100 e-minis NQcv1 were down 42.5 points, or 0.48%.

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