Wall Street dips on Iran and retail concerns
The Standard & Poor's 500 and Dow Jones indices declined amid anticipation of earnings reports from American retail companies, amid concerns over weak economic data and the risks of geopolitical tensions with Iran. At the same time, oil prices rose by more than 2% due to fears of a global oil supply shortage resulting from the lack of progress in the US-Iran agreement, which supported the energy sector, registering a 1% increase. Investors are awaiting reports from companies like Home Depot and Walmart to gauge their impact on the economic outlook, while concerns continue over artificial intelligence investments and volatility in the technology and semiconductor sectors.
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