Trump delays Strait of Hormuz deadline until April 6, but it's 'white noise' to Wall Street investors
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Trump delays Strait of Hormuz deadline until April 6, but it's 'white noise' to Wall Street investors
""The diplomatic dissonance this week between the U.S. and Iran dismayed investors. By the end of the week, risk appetite could not withstand the fog of war.""
""Any further statements by Trump about a deal are white noise to the markets. Only if the IRANIANS say the talks are going well will it impact markets.""
U.S. stocks are falling, with the S&P 500 down 0.8% and the Dow Jones Industrial Average down 402 points. This marks a potential fifth straight week of losses, the longest in nearly four years. The market has fluctuated throughout the week due to changing hopes regarding the war with Iran. President Trump extended a deadline related to Iran, briefly affecting oil prices. However, fighting continues in the Middle East, leading to investor dismay and a lack of risk appetite as geopolitical tensions persist.
Read at Fast Company
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