US Stocks Fall as Trump Signals Intensified Iran Conflict
US stocks fell Thursday as President Trump signaled more military action in Iran. Rising oil prices hit airlines while tech shares slid on fading peace hopes.
Major indices on Wall Street declined by more than 1% on Thursday, concluding a shortened trading week on a negative note. The downturn followed comments from President Donald Trump regarding Iran, which dampened investor expectations for a swift resolution to Middle East tensions. During a primetime address on Wednesday, the President signaled an intensification of military operations over the coming weeks, a sharp departure from earlier suggestions of a rapid withdrawal from the region.
Art Hogan, chief market strategist at B Riley Wealth, noted the impact of this shift on market clarity:
