S&P 500 Posts Slim Gain Tuesday as Markets Stay Cautious Ahead of Trump’s Iran Deadline
The S&P 500 notched a modest gain on Tuesday as investors remained cautious heading into President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz. The Dow Jones Industrial Average fell 85.55 points, or 0.18%. The S&P 500 edged up 0.08%, while the Nasdaq Composite added 0.10%.
Trump has set an 8 p.m. ET deadline for the U.S. and Iran to reach an agreement on reopening the Strait of Hormuz, warning that the U.S. would otherwise destroy Iran’s power plants and bridges. His latest remarks and fresh reports suggested a deal by then was unlikely. In a Truth Social post on Tuesday, Trump wrote: “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will.”
Still, Trump left open the possibility that the U.S. might not ultimately strike Iran after the deadline, adding that “now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionarily wonderful can happen, WHO KNOWS?”
The latest developments weighed on equities and initially lifted oil prices, though crude finished little changed. West Texas Intermediate futures settled up 54 cents at $112.95 a barrel. International benchmark Brent crude futures slipped 15 cents to $109.62 a barrel.
Source : Newsmaker.id
