LIVE MARKETS-Wall Street sells off as war worries reignite
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WALL STREET SELLS OFF AS WAR WORRIES REIGNITE
Major U.S. stock indexes are lower in early trading on Wednesday as U.S. President Donald Trump's comments that an interim deal aimed at ending the U.S.-Israeli war with Iran was over reignited worries over the impact of the war on the global economy.
The Dow .DJI is down more than 1% and leading declines, while oil prices are more than 5% higher.
But some market watchers noted the reaction in stocks is not as severe as it would have been weeks ago.
"When I hear that ceasefire is off, I think it's a more muted reaction than the market would have put on that even just maybe four weeks ago, six weeks ago, eight weeks ago," said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts.
"Oil prices have been on a downward trend" recently, and with more oil being added to the market "the potential for oil is to go lower."
With oil prices up sharply on Wednesday, energy .SPNY is up more than 1% and leading gainers among S&P 500 .SPX sectors. Materials .SPLRCM led sector decliners.
Here is the early market snapshot:

(Caroline Valetkevitch)
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EARLIER ON LIVE MARKETS:
MARKETS RATTLED BY IRAN REMARKS AS S&P 500 SUPPORT COMES INTO VIEW CLICK HERE
OIL, NOT DEFENCE, IS THE IRAN TRADE - FOR NOW CLICK HERE
HSBC JOINS THE ROTATION CLUB, SWAPS EM ASIA FOR EUROPE CLICK HERE
DATA CENTRES IN SPACE: SPOTTING THE WINNERS CLICK HERE
ENERGY STOCKS GAIN, THE REST STRUGGLE CLICK HERE
EUROPE BEFORE THE BELL: EYES ON THE GULF AGAIN CLICK HERE
CEASEFIRE? WHAT CEASEFIRE? CLICK HERE
