Wall Street closed in the red on possible US involvement in Israel-Iran war

New York closed the day trading in negative territory, at a time when investors remain cautious about the intensification of the conflict between Israel and Iran.

Investors are concerned that the US is increasingly involved in the conflict, alongside Israel, after President Donald Trump demanded that Iran surrender “unconditionally” and warned of a possible attack on the country’s leader, Ayatollah Ali Khamenei.

The Dow Jones index slipped 0.70% to 42,215.80 points, the S&P500 fell 0.85% to 5,981.67 points and the Nasdaq lost 0.91% to 19,521.09 points.

Nike lost 3.10%, followed by 3M, which fell 2%. Amgen skidded 1.89%, J&J slid 1.85% and Walmart retreated 0.06%. In the opposite direction, Chevron rose 1.94%, Visa A gained 0.69%, IBM increased 0.42% and UnitedHealth advanced 0.38%.

In the oil market, Texan WTI gained 4.64%, setting the price per barrel at $73.50, and Brent rose 4.74% to $76.70. Natural gas rose 3.23% to $3.867.

In the foreign exchange market, the euro depreciated 0.68% against the dollar, settling at 1.1481 dollars.