S&P 500 Closes Lower Tuesday as Oil Prices Resume Their Climb
U.S. stocks pulled back on Tuesday, giving back part of Monday’s sharp rally, as crude prices rose again and the Iran war pushed deeper into its fourth week—keeping investors cautious about inflation and risk sentiment.
The S&P 500 traded about 0.4% lower, while the Dow Jones Industrial Average slipped roughly 85 points, or 0.2%. The Nasdaq Composite fell around 0.8%, underperforming as renewed energy-driven inflation concerns weighed more heavily on growth-oriented names.
President Donald Trump said Tuesday that “we’re in negotiations right now” regarding the conflict with Iran, adding that “the other side… they’d like to make a deal.”
His comments followed Monday’s Truth Social post in which he claimed the U.S. and Iran had held “very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.” That post helped propel the major averages more than 1% higher in the prior session. Iranian state media, however, reported that there were no direct talks between the two countries, keeping uncertainty elevated and markets headline-driven.
Source : Newsmaker.id
