"The Nasdaq 100 has now fallen over 10% from its peak, technically entering correction territory. The S&P 500 has been at a loss for five weeks, on pace for its longest streak of weekly losses since 2022."
"So far, the two sides haven't come to the table much, with Iranian officials publicly rejecting the ambitious-15-point ceasefire proposal delivered by the U.S. through intermediaries in Pakistan."
"Traders are getting exhausted from the noise and have no sense of whether to trust that anything of what Trump says is true."
"Senior White House aides told MS NOW that Trump has grown 'a little bored' with the conflict—not regretful, they said, just ready to move on."
The Nasdaq 100 has fallen over 10%, entering correction territory, while the S&P 500 faces its longest losing streak since 2022. Oil prices are rising, with Brent crude near $111 and WTI close to $97. Trump extended his deadline for action against Iran's energy infrastructure, but talks have stalled. Iranian officials rejected a ceasefire proposal, and traders are skeptical of Trump's statements. Senior aides noted Trump is losing interest in the conflict, shifting focus to domestic issues and midterm elections, reflected in the administration's social media communications.
Read at Fortune
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