Stock Market Update

[BRIEFING.COM] The major indices have slid to new lows for the day in the past half hour, driven by increased geopolitical angst. That angst has been precipitated by reports that the U.S. could get involved directly in striking Iran's nuclear facilities.

Those reports haven't been validated, yet the market has nonetheless adopted a more risk-averse mindset than it had just a day ago.

The risk aversion is apparent in the afternoon selling of stocks, gains in the Treasury market that have pushed yields lower across the curve, and the advance by the U.S. Dollar Index to its session high (+0.8% to 98.80). Separately, the CBOE Volatility Index is up 13.4% to 21.67.