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.

US stocks fall on Israel-Iran worries, with Dow down xxx pts. Oil rises on supply worry. Gold hit a record high and US dollar rises on flee to safety.

"The conflict is propelling inflation expectations via the cost of crude oil … on worries that supplies could be disrupted in the region." Indeed, crude oil futures jumped 7.3% Friday to finish at $72.