Episode Details

U.S. stocks closed mostly lower Monday, influenced by President Trumps firm stance on Iran, despite hints of potential talks with a more moderate regime. The S&P 500 dipped 0.40% or 25.52 points to 6343.33, while the Nasdaq fell 0.73% to 20795.20. The Dow Jones Industrial Average edged up 0.12% to 25029.91. Oil prices surged due to concerns about the impact on the global economy, as Yemens Houthi fighters, backed by Iran, entered the conflict. Traders are unsettled by mixed signals from the White House, with the Dow, Nasdaq, and Russell 2000 all down 10% from recent peaks, in correction mode since the war began. Fed Chair Jerome Powell downplayed panic, stating long-term inflation remains stable despite the energy increase, and no policy adjustments are needed yet. Tech stocks dragged the market, while financials gained following new Labor Department rules allowing alternative investments in 401k plans.

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