Middle-East Tension.

An Israeli Air Force fighter jet takes off from Hazor base in southern Israel in a 2006 file photo. [Agencies]
US officials say Israel carried out a large military exercise this month that appeared to be a rehearsal for a potential bombing attack on Iran's nuclear facilities, The New York Times reported on Friday.
A Pentagon official who the Times said was briefed on the exercise, said one goal was to practice flight tactics, aerial refueling and other details of a possible strike against Iran's nuclear installations and long-range conventional missiles.
The official, who spoke on condition of anonymity, said a second goal was to send a clear message that Israel was prepared to act militarily if other efforts to stop Iran from producing bomb-grade uranium fail.
Tracking the Dow Movement on Friday,20/06/08 (Quadraple Witching Day)

9:30am--90.0 points bombardment.
Concern related to European bank stocks are carrying over to U.S. premarket trading.
10:30am--Shooting star.
A sign of gap filling.A bearis shaven bottom in existence.
11:30am--Bearish hammer.
MBIA (MBI) had its rating cut to A2 from Aaa at Moody's. Moody's also lowered its rating on Ambac's (ABK) Ambac Assurance to Aa3 from Aaa.
12:30pm--Graveyard dojis.
With no sign of recovering strength and an overall bearish shaven top candlestick,the market has no prospect of taking any position.
1:30pm--The hangmans.
The dollar is showing some weakness, which makes imports pricier. The dollar index is down 0.6%.Crude continues to sport gains. The commodity is up 1.4% and trading hands near $133.80 per barrel.
2:30pm--Hammer.
Financials rebounded from their lows at midday, but have succumbed to renewed selling pressure.
3:30pm--Hammer.
Friday was an options expiration date, making for heavy volume as traders entered the market in droves. However, the session’s tone was pessimistic as concerns surrounding financial and bank stocks bled into other sectors.
4:00pm--Bearish unwinding.

Stocks fell sharply on Friday with the Dow closing below 12,000 for the first time since mid-March as rising oil prices and warnings of more mortgage-related write-downs at banks reignited investor fears of worse to come.
The session started on a negative note, as investors dumped commercial bank shares after Merrill Lynch said it sees dividend cuts and the need to raise more capital at Bank of America, Regions Financial, SunTrust Banks and Wachovia Corp.