Wall Street falls ahead of earnings
The Standard & Poor's 500 and Nasdaq indices declined by 0.1% and 0.6%, respectively, as investors awaited company earnings reports, while the Dow Jones registered a slight decrease of five points. Oil prices rose by 3%, with Brent crude surpassing $94 per barrel, and West Texas Intermediate futures increasing to over $86, following intensified U.S. strikes on Iran and statements by the Foreign Minister indicating Iran is not serious about negotiations, as Washington continues to safeguard navigation through the Strait of Hormuz. The market is concerned about rising consumer prices, which could prompt the Federal Reserve to raise interest rates, with the likelihood now at 31% for this month and 75% in September, according to trader expectations.
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