The Israel-Iran conflict "is a major wild card" for the Federal Reserve and might spark an economic downturn, although it is too soon to know how it will play out, said Jon Faust, a former top adviser ...

An attempt at a recovery was ultimately stymied by news of Iranian retaliation against Israel. The S&P 500 SPX finished Friday 1.1% lower at 5,976.97, near its lowest levels of the session. It was the ...