After a dramatic Easter weekend for the war in Iran—downed American fighter jets, a daring rescue behind enemy lines, and strikes on universities and petrochemical plants—traders hesitated at Monday’s opening bell.
Both the S&P and prices of crude were little changed at the open, and both ticked slightly up in the first hours of morning trading. The market, it seems, is twiddling its thumbs while waiting for the clock to run out. It even looks like a three-way standoff between Trump, the Iranians, and the markets as each waits for the other to blink.
