U.S. stocks closed lower after Donald Trump declared the Iran deal “over,” raising fears of further conflict and pushing oil prices higher. The Dow dropped sharply while the S&P 500 slipped. Chip stocks gained on Apple’s Broadcom deal, but inflation concerns and IMF growth cuts weighed on sentiment.
U.S. stocks closed lower after Donald Trump declared the Iran deal “over,” raising fears of further conflict and pushing oil prices higher. The Dow dropped sharply while the S&P 500 slipped. Chip stocks gained on Apple’s Broadcom deal, but inflation concerns and IMF growth cuts weighed on sentiment.
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The S&P 500 ended lower on Wednesday after U.S. President Donald Trump said an interim deal aimed at ending the war with Iran was "over," while Broadcom led gains among recently battered chip stocks.Speaking at a NATO summit in Turkey, Trump said he had no interest in further talks with Iran and warned that Washington would likely carry out additional strikes on Wednesday night.Trump's comments marked the latest setback in the back-and-forth talks that have swung between threats of esca…
