Stock Market Update

[BRIEFING.COM] The S&P 500 (-1.1%) has slumped to a fresh session low as the weekend nears with no sign of de-escalation between Israel and Iran. Instead, the market received signs of an escalation in the conflict, as CNBC reported in the early afternoon that Iranian officials no longer plan to attend nuclear talks with the U.S. on Sunday, followed by recent reports of Iran firing missiles toward Israel.

The market had shown resilience in early trade, but the recent news flow has invited concerns that the conflict could worsen over the weekend. As a result, ten out of eleven sectors are back in the red while energy (+1.7%) remains firmly in the green.

Treasuries are on course to finish the day with losses, sending the 10-yr yield up six basis points to 4.42%.