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Barchart
Barchart
Rich Asplund

Stocks Retreat as US-Iran Peace Hopes in Doubt

The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.74%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.29%. June E-mini S&P futures (ESM26) fell -0.78%, and June E-mini Nasdaq futures (NQM26) fell -0.32%.

Stock indexes retreated on Wednesday, with the Nasdaq 100 falling from a new record high. The broader market was under pressure on Wednesday as the US and Iran clashed overnight, sending WTI crude oil prices up more than +2% to a 1.5-week high and putting peace plans in doubt. In addition, weakness in software companies, cybersecurity, and private credit stocks on Wednesday weighed on the overall market.

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