US stocks: US market drops as Trump’s rejection of Iran peace plan lifts oil prices

Following President Trump’s dismissal of Iran’s peace proposal, US market indexes experienced a downward trend, spurred by a notable surge in crude prices. This escalation raised inflation worries, consequently leading to an uptick in Treasury yields and impacting economic outlooks. Meanwhile, Nvidia’s stock showed resilience, buoyed by an announcement of substantial share repurchases, albeit only slightly supporting broader market sentiments.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.