Wall Street Sideways, Oil Trims Losses Amid Iran Headlines
The S&P 500 was little changed on Tuesday, while oil prices pared losses as traders closely monitored the latest headlines from Iran.
The broad benchmark slipped 0.1%, while the Nasdaq Composite edged 0.1% higher. The Dow Jones Industrial Average fell 56 points, or 0.1%.
Oil, which has been on a sharp run recently, was hovering near $90 a barrel on Tuesday. WTI futures were last down about 9%, trading around $85 a barrel, while Brent crude also shed roughly 9% to about $89 a barrel.
On Monday evening, President Donald Trump said the U.S. was making “major strides toward completing our military objective,” reinforcing earlier remarks that the campaign could end soon. Speaking at a press conference at his golf club near Miami, Trump also said the administration was focused on keeping “energy and oil flowing to the world.”
On Tuesday, Defense Secretary Pete Hegseth said, “Today will be our most intense day of strikes inside Iran,” adding that Iran is “badly losing.”
Source : Newsmaker.id
