US stocks: US market drops as Trump’s rejection of Iran peace plan lifts oil prices

Reported by The Economic Times, not nibnow. We are not the publisher of this story, only the source is.

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WHAT HAPPENED

Following President Trump's dismissal of Iran's peace proposal, US market indexes experienced a downward trend, spurred by a notable surge in crude prices. This escalation raised inflation worries, consequently leading to an uptick in Treasury yields and impacting economic outlooks. Meanwhile, Nvidia's stock showed resilience, buoyed by an announcement of substantial share repurchases, albeit only slightly supporting broader market sentiments.

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Read full article at The Economic Times