As the week comes to a close, US stocks are giving up some of their previous gains. Major indices remain higher on the day, with the Dow Jones rising 0.74%The Standard & Poor’s index rose 0.46%The Nasdaq index rose 0.23%But all are far from their session highs as traders react to the latest geopolitical headlines.
The focus remains on Iran, with reports indicating that officials are demanding an end to the conflict from all sides, the lifting of the blockade, and the release of frozen funds as part of any broader agreement. Meanwhile, reports indicate that President Trump is feeling increasingly frustrated with the situation. He has adjusted his schedule to remain in Washington during the heightened tensions, and is expected to miss his son’s wedding this weekend. Reports indicate that the event is a small private party in the Bahamas with about 50 guests. It was probably too risky or stressful anyway.
It’s getting tiring.
