US stock markets slipped on Thursday after former President Donald Trump refrained from launching immediate military action in the Israel-Iran conflict, signaling a more diplomatic tone. The S&P 500 and Nasdaq Composite both closed lower, while the Dow Jones posted a modest gain. Meanwhile, the US imposed new sanctions on Iran-linked entities. Global leaders are urging Iran to return to talks on its nuclear program, as the Federal Reserve signals rate cuts despite inflation concerns due to tariffs.
Wall Street finished lower on Thursday as investors digested a restrained response from former President Donald Trump on the escalating Israel-Iran conflict. Trump announced that military action would be delayed, possibly for two weeks, as new sanctions were imposed on Iran instead.
Market Recap: S&P 500, Nasdaq Fall; Dow Gains
- The S&P 500 dropped 13 points (0.2%) to close at 5,968
- The Nasdaq Composite fell 99 points (0.5%) to 19,447
- The Dow Jones Industrial Average, however, gained 38 points (0.1%), finishing at 42,210
The mixed performance reflects investor uncertainty amid geopolitical developments and monetary policy speculation.
The new US sanctions, introduced just a day after Trump’s statement, target individuals, entities, and vessels supplying Iran with defense equipment. Analysts interpret this move as a cautious diplomatic signal, delaying direct confrontation but maintaining pressure.
Following inconclusive high-level talks in Geneva, European foreign ministers called on Iran to re-engage with the US over its nuclear programme. The lack of progress on a potential new deal has raised global concerns over long-term regional stability.
This market turbulence came as Federal Reserve officials made their first public remarks since Chair Jerome Powell indicated that interest rates are expected to decline this year. However, Powell also warned of “meaningful” inflation, with Trump’s tariff policies likely to raise consumer prices.
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