Oil spikes and Iran tensions pull U.S. stocks lower as markets brace for Fed path

1 min read
Source: CNBC
Oil spikes and Iran tensions pull U.S. stocks lower as markets brace for Fed path
Photo: CNBC
TL;DR Summary

Futures sit near flat as oil climbs on renewed U.S.-Iran tensions; in regular trading the Dow fell about 576.8 points (1.1%), the S&P 500 slid 0.28%, while the Nasdaq rose ~0.2% on Nvidia. Investors weigh higher energy costs and inflation risk against earnings momentum and AI gains, with Fed minutes signaling uncertainty on rate cuts. Traders await weekly jobless claims and existing-home sales data, and Asia-Pacific markets opened mixed (Kospi rallying after bear-market dip). After-hours movers included Levi Strauss (-5.5%) and AZZ rising on earnings.

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