US stock market takes a dive as defense & oil shares soar after Soleimani’s killing in US strike

Dow Jones and S&P 500 stock

Dow Jones and S&P 500 stock indexes posted their biggest losses in a month after a US airstrike killed Iran’s Quds Force chief Qassem Soleimani, tempered only by the buoyant mood of defense and oil-related shares.

Wall Street stocks went down at the news of the assassination of Soleimani, an influential general who led the Islamic Revolutionary Guard Corps (IRGC) Quds Force. His death in a Thursday night attack at Baghdad International Airport also claimed the lives of nine other people, including senior Iraqi militia officials.

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