6/14/2019, 12:38 PM (Source: TeleTrader)
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Wall Street extends losses premarket amid Middle East tensions

Stocks in the United States continued falling in premarket trading on Friday as rising tensions in the Middle East following an attack on two oil tankers weighed on markets. The US accused Iran of carrying out the attacks in the Gulf of Oman, but Tehran denied the allegations and claimed Washington's "reckless and dangerous" policies are rising tensions in the region. The US also sent its guided-missile destroyer USS Mason to the Persian Gulf in response to yesterday's incident.

Investors also digested weaker-than-expected economic data from China which showed the country's industrial output dropped to the lowest level in over 17 years.

The Dow Jones declined 0.30% at 6:35 am ET, the Nasdaq 100 slid 0.77% at 6:36 am ET and the S&P 500 lost 0.32% at the same time. The euro was down 0.08% against the dollar to sell for 1.1267 at 6:37 am ET.

Breaking the News / NP