Dow Moves Higher, but shares mixed on reports of aborted American Airstrike in Iran

Stocks was mixed Friday after news reports that President Donald Trump ordered, and then deleted, a warlord on military installations in Iran.

Dow Jones Industrial Average increased 21[ads1] points or 0.08% to 26,774. S & P 500, one day after posting a record high, fell 0.17% and Nasdaq fell 0.07%.

Trump said on Twitter Friday that he had "no hurry" to beat Iran.

"I'm not hurrying, our Military is rebuilt, new and ready to go, no doubt the best in the world," wrote Trump in a tweet. "Sanctions bite and add last night. Iran can NEVER have nuclear weapons, not the United States, and not the WORLD!"

The planned strike, reported by The New York Times, was supposed to happen early Friday in response to the downing of an American drone patrolling the Hormuz stream. Trump warned Iran that it had made a "big mistake" and warned of consequences to follow, but seemed to retreat from performing a military response only hours before US jets were put off.

"We were hooked and loaded to receive last night at 3 different sights when I asked how many would die," said Trump on Twitter. "150 people, sir, were the answer from a general. 10 minutes before the strike I stopped it, not …. "

The Federal Aviation Administration said it has blocked US registered aircraft from operating over parts of the Persian Gulf and Oman Bay due to increased tension and military activity in the area.

LPL Financial said in a blog post that "The US's planned retaliation against Iran's shooting down an unmanned US drone over international waters was canceled but demonstrated possible action by the United States if Iran's provocative behavior continues. "

" "The essence of this excitement bites US economic sanctions against Iran, Iran's attack on foreign vessels (including oil tankers), involvement in Syria and the country's enrichment of uranium," the post said, noting that West Texas Intermediate Crude Oil "has received a lift from intensified Middle East conflicts, but remain reach bound. Burned crude turns around $ 65 a barrel after getting just over 1% yesterday. "

Burned crude contracts for August delivery, the global reference level, were up 86 cents to $ 65.31 per barrel, while the West Texas Intermediate raw contract for the same month, which is more closely linked to US gas prices, was up 58 cents "$ 57.65 a barrel.

" Traders in the US are taking a break from the big upward movement of the week, and now all eyes will be on the Trump-Xi Jinping meeting at the G20 summit, says David Madden, market analyst at CMC Markets UK. "The latest comments we have heard about trade in the US and China were optimistic, but the dealers are aware that the situation is still on the way, so we can see some long positions being paired back before the manager's meeting."

Madden said The latest PMI production and service reports were "underwhelming."

"The production update was 50.1 – the lowest reading in over nine years, and the service reading was 50.7, the lowest in over three years," he said. "The updates both showed minimal growth, and it emphasizes the argument that the Fed should cut prices later this year."

shares in Canopy Growth (CGC – Get Report) fell 6.7% to $ 40.76 after the company posted better than expected revenue for the fourth quarter, but announced that the recently approved agreement to acquire the rights to US corporations Acreage Holdings (ACRGF) will lead to a cost that will have a significant negative impact on net income in the first quarter of fiscal 2020. "Canopy Growth is really money's stock of the day.

Shares in UnitedHealth Group (UNH – Get Report) rose slightly to $ 248.92 after a report in The Wall Street Journal that the company is ready to buy healthcare paid group Equian LLC for around $ 3.2 billion.

Shares of Micron Technology (MU – Get Report) fell 2.2% to $ 33.40 after a JP Morgan analyst hit his prime target and earnings chip maker's expectations on expectations that US government banned Huawei business and weak DRAM rates would cut e into the company's profit.

Carmax (KMX – Get Report) shares rose 5% to $ 87.11 after the used car dealership had a stronger than expected fourth-quarter revenue, as auto-driving gains outweighed a modest fall in prices.