Stocks drop again after Trump's latest delay in the Iran war fails to raise hope [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
The S&P 500 sank 1.5% and deepened its losses a day after its worst drop since the war with Iran began. The Dow Jones Industrial Average was down 737 points, or 1.6%, as of 2:35 p.m. Eastern time, and the Nasdaq composite was 2% lower. The losses are a break from Wall Street's pattern this week, where the U.S. stock market flip-flopped from gains to losses each day as hopes rose and fell about a possible end to the war. Moments after the U.S. stock market finished trading on Thursday, President Donald Trump offered more potential for hope. He extended a self-imposed deadline to “obliterate” Iran's power plants to April 6 if it doesn't fully allow oil tankers to exit the Persian Gulf through the Strait of Hormuz to the open ocean. Oil prices eased immediately afterward in a sign of hope that some normalcy may return to the strait. It was similar to the optimism that swept global markets after Trump said Monday, just before Wall Street opened for trading, that the United States a
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