SP 500 Dips Amid US Iran War Focus
The S&P 500 ended slightly lower as Middle East conflict concerns lifted oil prices and Treasury yields. Investors also weighed potential Federal Reserve rate hikes against mixed tech stock performances.
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The S&P 500 declined 0.02% to 7,704.13 points on Thursday afternoon as Middle East tensions lifted oil prices and Treasury yields. The benchmark index rebounded from session lows following diplomatic reports regarding the Strait of Hormuz. Markets face persistent pressure from energy costs and shifting interest rate expectations.
