49 Days
Source:
Los Angeles Times
Wall Street edges lower amid easing Mideast tensions
Stocks on Wall Street ended mixed amid falling oil prices after the U.S. and Iran paused military actions and resumed negotiations. The S&P 500 edged higher, while the Dow gained half a percent, and the Nasdaq fell slightly, with markets reflecting uncertainty ahead of key economic updates and Federal Reserve policy decisions. Oil prices dropped significantly, easing concerns about global supply disruptions stemming from the U.S.-Iran conflict, which had previously caused surges in fuel and shipping costs. Investors are now closely watching upcoming earnings reports and the Fed’s interest rate decision, amid ongoing inflation pressures.
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