US stocks swing between losses and gains on uncertainty about how long the war with Iran will last
US stock indexes slipped on Tuesday due to uncertainty about the duration of the war with Iran, with the S&P 500 falling 0.4% and oil prices rising. The Dow Jones Industrial Average dipped 84 points, or 0.2%, while the Nasdaq composite sank 0.8%, as markets reacted to mixed signals about the war.
US stock indexes fell on Tuesday amid uncertainty about the war with Iran. The S&P 500 dropped 0.4% and the Dow Jones Industrial Average fell 84 points. 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 fell 9.8% after confirming merger talks, while Smithfield Foods' stock rose 4.3% after reporting strong profits. The Nasdaq composite sank 0.8%, as markets reacted to mixed signals about the war.
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