NEW YORK, NEW YORK - AUGUST 05: Stock market numbers are displayed on the New York Stock Exchange during morning trading on August 05, 2026 in New York City. Stocks continue to rise with the S&P hitting a new all-time intraday record at opening, a day after the Dow Jones closed up over 900 points amid reports that the Strait of Hormuz would be reopened. (Credit: Photo by Michael M. Santiago/Getty Images)
Wall Street opened the new month on the back foot Tuesday after the United States carried out fresh strikes on Iranian military sites, an escalation that pushed oil sharply higher, sent a key bond yield to its highest point in nearly two years and strengthened bets that the Federal Reserve will raise interest rates later this month.
A war that never fully ended
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