Market Jitters: U.S. Weighs Iran-Israel Conflict Amid Inflation Concerns
U.S. stock markets ended lower due to concerns over a potential U.S. involvement in the Iran-Israel conflict. Investors remained cautious amid ongoing discussions between Iran and major European nations. The Federal Reserve's stance on inflation and interest rates also influenced market movements.
The S&P 500 and Nasdaq closed in the red on Friday as investors remained jittery over escalations in the Iran-Israel conflict, especially with the possibility of U.S. involvement looming. Market conditions were volatile throughout the day.
Iran's Foreign Minister Abbas Araqchi expressed Tehran's willingness to continue talks with major European countries and the EU, following recent discussions in Geneva. Meanwhile, the U.S. is set to decide within two weeks on its potential involvement, adding to the diplomatic pressure on Iran.
The stock market reflected these geopolitical tensions, with the S&P 500 dropping 0.21% to 5,968.34 points and the Nasdaq shedding 0.49% to settle at 19,451.01. Federal Reserve discussions on interest rates and inflation further weighed on investor sentiment, impacting tech stocks such as Nvidia, while Kroger and Accenture saw contrasting performances.
(With inputs from agencies.)
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