US Stock Market Today: Dow, S&P 500, and NASDAQ Dip as Oil Rises and Earnings Cloud Wall Street Outlook
Wall Street’s main indexes edged lower in morning trading as investors looked for clearer signals on the US-Iran standoff. The Dow Jones Industrial Average fell 154.00 points, or 0.30%, to 49,341.55. The S&P 500 lost 6.61 points, or 0.10%, to 7,131.08, while the NASDAQ Composite dropped 57.27 points, or 0.26%, to 24,593.45.
The weaker move came one day after a strong rebound that lifted both the S&P 500 and NASDAQ to record closing highs.
Markets had rallied after President Donald Trump said the United States would extend its . He wrote on Truth Social that Iran’s government was ‘seriously fractured’ and that the United States would delay any strike until Iranian leaders ‘come up with a unified proposal.’ However, he also said the United States would keep enforcing a blockade on maritime traffic to and from Iranian ports.
Iran rejected that move and said the Strait of Hormuz would remain closed until the blockade ended. Mahdi Mohammadi, an adviser to Parliament Speaker Mohammad Bagher Ghalibaf, described the extension as ‘meaningless’ and said it was an effort ‘to buy time for a surprise strike.’ Iran also released footage that it said showed commandos boarding a large cargo ship seized on Wednesday.
