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.

U.S. stock futures tumbled after Israel launched airstrikes against Iran. Israel’s defense minister Israel Katz declared a special state of emergency following the attack. Iran has launched retaliatory drone strikes on Israel.

The stock market, including the Dow Jones, dived after Iran attacked Israel. The latest Fed meeting and comments from Fed Chair Powell loom.