Stocks Move Higher as Iraq Airstrikes Begin

U.S. stock futures ticked higher following news the U.S. started targeted airstrikes against ISIS targets in Iraq.

After trading lower before the bombings, Dow futures are now up 27, Nasdaq futures are up 8 and S&P 500 futures are up 5.

Pentagon Press Secretary and Spokesman, Rear Adm. John Kirby, announced the bombings in a tweet about a half hour ago: "US military aircraft conduct strike on ISIL artillery. Artillery was used against Kurdish forces defending Erbil, near US personnel," he said.

Two U.S. F/A-18 fighter jets dropped 500-pound laser-guided bombs on the ISIS targets, the Pentagon said.

The bombings in Iraq come despite warnings from ISIS that they now control the Mosul Dam and threatened to flood Baghdad.

US military aircraft conduct strike on ISIL artillery. Artillery was used against Kurdish forces defending Erbil, near US personnel.

— Rear Adm. John Kirby (@PentagonPresSec) August 8, 2014

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