Stocks give back some of the rally sparked by talk of negotiations with Iran
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Stock indexes slipped on Tuesday, giving back some of their rallies from the previous day, as uncertainty continues about the duration of the war with Iran. The S&P 500 fell 0.4%, while oil prices rose, with the price of Brent crude oil increasing by 4.6% to $104.49 per barrel.
Stock indexes fell on Tuesday, with the S&P 500 declining 0.4% and the Dow Jones Industrial Average dipping 84 points. The Nasdaq composite sank 0.8%. Oil prices rose, with Brent crude oil increasing by 4.6% to $104.49 per barrel. The yield on the 10-year Treasury climbed to 4.39%, putting 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 profit and revenue. The market's volatility is driven by uncertainty about the war with Iran and its impact on the economy.
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