Wall Street trims losses after Hormuz reopening talks resurface
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4 Articles
Wall Street ended today's session with sharp fluctuations, as investors were faced with rising oil prices and soaring US bond yields, as well as more "tough" messages from the Federal Reserve regarding the path of interest rates. The main stock market indices started the session with significant losses, but then managed to limit their decline, following information that the US and Iran are considering a plan to end the conflict, although it seem…
New hopes for a reopening of the Strait of Hormuz caused the New York stock markets to recover slightly before closing. The broad-based S&P 500 and the tech-heavy Nasdaq Composite closed just below and just above zero, respectively, while the Dow Jones Industrial Average ended down 0.3 percent. The downward pressure eased somewhat after Reuters published source information that US and Iranian negotiators on site in New York are reviewing a possi…
Stocks fell on Thursday as rising yields tempered any optimism following a report of a possible deal between the US and Iran to open the Strait of Hormuz.
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