U.S. stocks open down as traders await Trump decision on Iran

Tuesday, 8 May 2018 20:40 WIB

Standard & Poor's 500Saham AS


U.S. stocks opened lower on Tuesday, with geopolitical uncertainty rising as investors awaited President Donald Trump's decision on the Iran nuclear deal.

The Dow Jones Industrial Average fell 0.2% to 24,308. The S&P 500 lost 0.2% to 2,668. The Nasdaq Composite Index was down 0.2% to 7,253. Both the S&P and the Nasdaq are coming off two positive sessions, while the Dow has gained for three.

Traders are watching for Trump's decision because abandoning the Iran deal would trigger a reimposition of economic sanctions on the Middle Eastern country. While this could provide support for crude-oil prices by limiting supply, the reaction to pulling out of the deal could add another element of political uncertainty into markets.

Source: Marketwatch


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