Highlights
Stocks seesawed to end nearly unchanged Tuesday amid conflicting signals on the war in Iran. The Dow Jones industrial average eased 0.1 percent, the broader S&P 500 slipped 0.2 percent and the Nasdaq was flat. US Treasury yields and the dollar rose, and oil prices dropped.
Stocks drew support from falling oil prices after President Trump's comment that the war is very complete and would end very soon. Later in the day's major stock indexes fell back from their morning highs on reports that Iran was mining the Strait of Hormuz while its drone attacks continued and other Trump administration officials kept up their hawkish rhetoric.
Among sectors, big technology stocks were mostly better with AI shares leading. Best performers were machinery, discount stores, precious metals, computer hardware, and retailers. Lagging were airlines, energy, homebuilders, aerospace & defense, and media.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.