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THU 22 OCTMorning1:07 PM

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WORLDNBC News

Market sell-off gains steam as concerns about Iran war and high AI spending collide

Photo: Atta Kenare

U.S. equity markets sold off sharply Thursday, as fears that Israel and the United States would restart attacks against Iran sent oil prices higher and major tech stocks failed to hold on to recent gains.

The S&P 500 was down 1.3% by 2 p.m. ET, while the tech-heavy Nasdaq had fallen 2.5%. The price of international Brent crude climbed nearly 4%, while U.S. crude gained 2.5%.

Demand for Treasury bonds also increased — bucking the trend of the last several months — as investors sought out the safe-haven assets as riskier ones like tech stocks sold off. That sent the 10-year yield below 5% for the first time since late September.

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WORLDABC News

US and Israel drawing up plans to resume attacks on Iran post-election, sources say

The White House said Thursday the U.S. will not strike Iran before the midterms. The Israeli Defense Forces and the United States military have drawn up plans to renew joint strikes on Iran in the coming weeks, according to two Israeli sources familiar with the plans. The Israeli sources said the strikes would almost certainly take place after the U.S. midterm elections, citing President Donald Trump’s reluctance to further destabilize oil markets in the final days of the campaign.

WORLDFrance 24

Scientists turn art detectives to date van Gogh's 'Starry Night' to actual sky from 1889

A team of South Korean researchers has put forward a new date for the night sky depicted in Dutch painter Vincent van Gogh's famed masterpiece "The Starry Night". Art historians have long assumed the stars were a product of the artist's fantasy or dated the scene to June 1889 based on the artist's location and other details, but astronomical details like the sliver crescent moon don't line up.

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