HomeFinancial MarketsStocks Continue Slide as Israel-Iran Tension Ensues

Stocks Continue Slide as Israel-Iran Tension Ensues

Stocks on the New York Stock Exchange continued their drop-off on Friday as investor anxiety rose following Israel’s retaliatory strike against Iran. Market composure returned soon after once the scope of the Israeli response appeared to be limited.

Futures on the Dow Jones Industrial Average were down 0.3%, which is a sign of improvement after the index slumped by 1.4% during after-hours trading on Thursday. The S&P 500 declined by 0.4% while futures on the tech-heavy Nasdaq 100 fell by 0.6%, narrower than previous declines.

One stock that was hit unexpectedly is Netflix, with the streaming giant declining by 3% in after-hours trading. While the company added over nine million new subscribers in the past quarter, its value was dragged down due to a revenue guidance of $9.49 billion for the second quarter, lower than an estimated $9.51 billion.

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