Stocks Are Mixed and Oil Dips After Trump Delays Threat to Bomb Iran
The New York Times • • business
Key Points:
- Asian stocks showed mixed performance on Friday following President Trump’s decision to delay an imminent attack on Iran’s power grid by 10 days.
- Oil prices, which had surged to their highest levels this week, retreated slightly after the announcement.
- The S&P 500 experienced its largest daily drop since January on Thursday and is on track for its fifth consecutive week of losses, a streak not seen in four years.
- Ongoing Middle East tensions continue to disrupt energy supplies, contributing to market volatility and elevated bond yields, which raise concerns about housing affordability and inflation.
