Wall Street indexes fall on worries about Middle East war, interest rates
Wall Street indexes were mixed in choppy trading due to concerns about the Middle East war and interest rates. The Dow Jones Industrial Average rose, while the Nasdaq Composite lost points, as investors assessed the prospect of easing Middle East tensions.
Wall Street's main indexes were mixed on Tuesday. Investors were hopeful of a de-escalation in the Middle East, despite Tehran denying negotiations with the US. The Dow Jones Industrial Average rose 178.17 points to 46,386.64, while the Nasdaq Composite lost 44.61 points to 21,902.15. Private credit concerns resurfaced after a report said Ares Management limited redemptions at its private credit fund. The conflict has driven oil prices higher, reviving inflation jitters and complicating the interest rate outlook. US business activity slowed to an 11-month low in March due to the Middle East war.
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