Stocks fall as traders monitor Iran; Sandisk shares drop: Live updates
Traders kept an eye on the Middle East, with a deal to reopen the key Strait of Hormuz in the works.
AI Summary
Stock futures edged higher Wednesday evening after the Dow Jones Industrial Average closed at a record high, while the Nasdaq and S&P 500 ended lower. Strong earnings and AI optimism, boosted by Nvidia's rally, initially lifted markets, but profit-taking weighed on tech stocks. Investors are also monitoring easing Middle East tensions and Fed Governor Lisa Cook's warning of a possible rate hike if disinflation doesn't continue.