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Stock impact report

Stocks give back some of the rally sparked by talk of negotiations with Iran [Los Angeles Times (CA)]

Estee Lauder Companies, Inc. (The) (EL) 
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The S&P 500 fell 0.4% after yo-yoing through the day. The Dow Jones Industrial Average dipped 84 points, or 0.2%, while the Nasdaq composite sank 0.8%. Markets have been on a roller coaster since President Donald Trump raised hopes that the war with Iran could end soon when he said Monday that the United States and Iran held productive talks “regarding a complete and total resolution of our hostilities in the Middle East.” His announcement, which came just before Wall Street opened for trading, caused financial markets worldwide to reverse momentum immediately. It calmed worries that the war may cause a long-term disruption to the oil and natural gas industry in the Persian Gulf, one big enough to send a blast of inflation to the region's customers worldwide. But financial market have since gotten both encouraging and discouraging signals about the war. On one side, attacks continued in the Middle East Tuesday after Iran denied having direct talks with the United States. On the Show less Read more
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