Highlights
Stocks faltered Thursday amid profit-taking after two days of gains to record highs as investors wait for confirmation that US talk of a near-term settlement in the US-Iran war will bear out.
The Dow Jones industrial average declined 0.6 percent, the S&P 500 eased 0.3 percent, and the Nasdaq was off 0.1 percent. Oil prices, the dollar, and bond yields all rose in corrective moves reversing recent declines spurred by peace hopes.
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.