US stocks swing between losses and gains on uncertainty about how long the war with Iran will last [Globe and Mail, The (Toronto, Canada)]
Estee Lauder Companies, Inc. (The) (EL)
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Source: Globe and Mail, The
The S&P 500 initially dropped 0.8% in the morning and erased much of its surge from Monday . But it trimmed that loss by afternoon trading and was down 0.1%, as of 12:50 p.m. Eastern time. The Dow Jones Industrial Average added 86 points, or 0.2%, while the Nasdaq composite fell 0.5%. 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 flip 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 the market got both encouraging and discouraging signals about the war on Tuesday. On one side,
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EL
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- EL's page on the SEC website