Wall Street flipped into the red Wednesday afternoon after news broke that the U.S. is pulling some embassy staff from multiple Middle Eastern countries, a move that reignited geopolitical fears.
Just after 3:00 p.m. ET, several news outlets, including the Associated Press, reported that the U.S. State Department had ordered all nonessential personnel to leave the embassy in Baghdad while authorizing voluntary departures in Bahrain and Kuwait.
Though the Baghdad Post was already operating with limited staff, the latest move raised eyebrows among investors.
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