Stock markets slump in early trade after two-day rally
US stock indexes slipped on Tuesday, giving back some of their gains from the previous day, as uncertainty continues about the duration of the conflict with Iran. The S&P 500 fell 0.4%, while the Dow Jones Industrial Average dipped 0.2% and the Nasdaq composite sank 0.8%.
US stocks declined on Tuesday, reversing some of the gains from the previous day. The S&P 500 fell 0.4%, the Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite sank 0.8%. Oil prices rose, with Brent crude up 4.6% to $104.49 per barrel. The yield on the 10-year Treasury climbed to 4.39%, increasing pressure on financial markets. Estee Lauder's stock dropped 9.8% after confirming merger talks, while Smithfield Foods' stock rose 4.3% after reporting stronger profits. The decline in stocks came amid uncertainty about the conflict with Iran.
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