Watchdog says Iran is in violation of its nuclear obligations
The UN Nuclear Watchdog Governor’s Committee has discovered that Iran has failed to fulfill its non-proliferation obligations.
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US stock futures fell after Israel launched an airstrike on Iran.
Israeli Defense Minister Israel Katz declared a special state of emergency following the attack. Iran has launched a retaliatory drone strike in Israel.
At 6:15am ET, futures linked to the Blue Chip Dow slipped -1.24%, while Broad S&P 500 futures fell -1.24%, while high-tech Nasdaq futures fell -1.52%.
Oil prices have skyrocketed in the news.
Before the attack, all three major indices outperformed the normal session. This was lifted by a new optimism about artificial intelligence after Oracle’s quarterly results exceeded estimates. The software company has also issued a positive outlook.
It was enough to overcome Boeing’s stock slump after one of the Dreamliners crashed in India. All but one person on the flight died.
Corporate News
- Adobe’s results for the second quarter of the company’s fiscal year exceeded estimates. The software company also raised a third quarter outlook that surpassed street forecasts.
Medora Lee is a money, market and personal finance reporter for USA Today. mjlee@usatoday.com and Subscribe to our free daily money newsletter Personal finance tips and business news every Monday to Friday.