Stock market today: Dow, S&P 500, and Nasdaq turn negative amid Warsh hearing, Apple CEO change, Iran uncertainty
US stocks turned negative on Tuesday as investors assessed Fed chair appointee Kevin Warsh's confirmation hearing and weighed Tim Cook's exit as Apple CEO. The Dow, S&P 500, and Nasdaq fell amid uncertainty surrounding Iran peace talks and rising oil prices.
US stocks turned negative on Tuesday as investors assessed Fed chair appointee Kevin Warsh's confirmation hearing. The Dow fell 0.1%, the S&P 500 declined 0.2%, and the Nasdaq Composite fell 0.1%. Warsh said the push-and-pull between President Trump and the Fed may be ending, and pushed back on being the President's 'sock puppet'. US retail sales rose 1.7% monthly, a bullish signal that Americans continue to spend. Oil prices rose amid reports that the US is delaying Vice President JD Vance's trip to Pakistan, putting peace talks with Iran on hold. Futures on Brent crude and US benchmark West Texas Intermediate crude both rose by roughly 4.5%.
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