PoliticsJuly 29 at 08:20 AM

[MARKET UPDATE]: Broad-based geopolitical risk-off trade seen as Trump says "we'll be hitting Iran hard" and strikes will take place in response to attacks on US targets in Jordan; Stocks, gold, and Treasuries sold as Dollar and oil see upside

StockNow breaking-news AI analysis

Trump's vow to strike Iran following missile attacks on US bases in Jordan triggered a risk-off trade, sending oil and the Dollar higher while stocks and gold faced selling pressure.

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[MARKET UPDATE]: Broad-based geopolitical risk-off trade seen as Trump says "we'll be hitting Iran hard" and strikes will take place in response to attacks on US targets in Jordan; Stocks, gold, and Treasuries sold as Dollar and oil see upside

What do investors think?

Today's market highlights

US Treasury official says the latest removal of sanctions on Iran is not indicative of any shift in US policy toward the Government of Iran, Fox's Heinrich reports

Fed's Kashkari (2026 voter, Hawkish dissenter) says now is the time to start slowly moving up rates, but not calling for dramatic rate hikes

Arab sources report missile attack on Bahrain, Fars reports