United Airlines, Adobe, Halliburton, and More

U.S. equities slumped at midday on concerns of a possible wider Middle East war after Israel bombed Iran nuclear facilities, and Tehran responded with attack drones. The Dow Jones Industrial Average, S&P 500, and Nasdaq all were lower.

The fighting sent the price of oil soaring, and fears of higher fuel costs and travel disruptions drove down airline and cruise line stocks. Shares of United Airlines Holdings (UAL), Delta Air Lines (DAL), Carnival Corporation (CCL), and Norwegian Cruise Line Holdings (NCLH) all tumbled.

Adobe (ADBE) shares sank when the software maker didn’t raise its guidance despite strong profit and sales.

Shares of Boeing (BA) fell for a second straight session following the deadly crash of one of its 787 Dreamliners in India. 

The jump in oil prices boosted shares of energy companies, including Diamondback Energy (FANG), Occidental Petroleum (OXY), and Halliburton (HAL).

Shares of defense contractors Lockheed Martin (LMT) and Northrop Grumman (NOC) also advanced on the Middle East news.

Gold futures took off as the precious metal is seen as a safe-haven investment, sending shares of Newmont (NEM) and other gold miners higher. 

The yield on the 10-year Treasury note rose. The U.S. dollar was up on the euro, pound, and yen. Most major cryptocurrencies were lower.