Wall St ends mixed as Trump Iran deadline nears
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US stocks ended mixed on Tuesday as President Donald Trump's deadline for Iran to open the Strait of Hormuz approached, with the S&P 500 and Nasdaq reversing losses to close slightly higher. The Dow Jones Industrial Average fell 0.18%, while oil prices surged due to the ongoing war between the US and Iran.
US stocks closed mixed on Tuesday. The S&P 500 and Nasdaq recovered from earlier losses to close higher, marking their fifth straight session of gains. The Dow Jones Industrial Average fell 85.42 points. Oil prices have surged since the US declared war on Iran, igniting fears of rising inflation. A report from the Commerce Department showed new orders for durable goods decreased in February. The Labor Department's consumer price index will provide a glimpse at the war's impact on inflation later in the week.
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