Stock market today: Indexes edge lower as investors assess Israel's strike on Iran [Yahoo! Finance]
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Source: Yahoo! Finance
Oil prices spiked more than 3% in wake of the attack, but has since erased all of those gains. US stocks moved slightly lower on Friday as investors assess Israel's direct strike against Iran. The reported missile strike, which targeted key military sites in Isfahan, was largely seen as symbolic and could serve as an off-ramp to avoid further conflict. "Similar to the situation heading into last weekend the response seemed well telegraphed and left minimal damage and casualties. Press is suggesting that the tit-for-tat response was designed to de-escalate the situation and commentary from Iranian sources have suggested there is no immediate plan for retaliation," NYSE market strategist Michael Reinking said. Oil prices surged overnight following news of the strike, with WTI Crude Oil surging more than 3%, but it has since erased those gains and has moved lower. Investors continue to digest US earnings results, with Netflix the latest megacap to report its first-quarter resu
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