The blue-chip Dow Jones Industrial Average was headed for its worst daily drop in almost a month on Friday as the Israel-Iran conflict rattles investors, after easing back from session lows. The Dow was down about 774 points,

Oil prices leapt, and stocks fell on worries that escalating violence following Israel's attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

Markets rebounded after Trump said his administration intends to send letters to US trade partners to formally establish new tariff terms.

Global markets were under pressure amid escalating Middle-East tensions, as US index futures fell, oil prices surged, and safe-haven gold approached record highs.

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Stock futures fell sharply early Thursday, pointing to a rocky open as Wall Street grapples with a tragic plane crash involving Dow component Boeing (BA) and digests a blockbuster earnings report from software giant Oracle (ORCL).

All three major U.S. stock indexes closed in positive year-to-date territory simultaneously for the first time since Feb. 21. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all rose by 1%,

The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 600 points from the previous day’s close as investors pulled back following Israel’s unexpected wave of strikes on Iran. Consumer sentiment data rebounded more than expected, helping to ease Friday’s downside momentum.