Iranian missiles hit at least seven sites near Tel Aviv Friday, following Israeli strikes on Tehran’s military and nuclear sites.

If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.

“Trump has now praised Israel’s strike, affirmed US material support, and Israeli media is reporting his public opposition was a disinformation campaign to mislead Iran,” said Saagar Enjeti, rightwing co-host of the podcast Breaking Points. “So in other words Trump, not Israel, has made a mockery of all of us [who] wanted to avoid this war.”

US shifts military resources in Middle East in response to Israel strikes and possible Iran retaliation, officials say.

Before the opening bell earlier today, LMT stock shot up more than 4% as Israel launched an operation targeting Iran’s nuclear program. Adding to concerns of a global conflagration, Israeli Prime Minister Benjamin Netanyahu stated that military actions “will continue for as many days as it takes to remove this threat.”

Investors had two reactions to Israel's broad attack on Iran late Thursday: They sold stocks broadly and bought crude oil and gold. Futures trading suggests the Standard & Poor's 500 Index will open down 52 points.

Israeli strikes on Iran and Tehran’s vows of reprisals have brought the two Middle East adversaries closer to an all-out war, which also threatens to draw in the United States, at least to