The new trading year started with a bang for U.S. stocks with the Dow climbing to a new record high on 2nd January 2020 to close at: 28869
The S&P 500 and Nasdaq also closed at new record highs!
S&P 500 closed at: 3258
Nasdaq closed at: 9092
U.S Air Strike
However, market gains were short lived with the announcement of a fatal U.S. air strike of an Iranian military commander in Iraq. Iran is reported to have promised reprisals.
Asian and European stocks fell on the news and U.S. stock futures also pulled back.
Markets fall.