On Tuesday, the S&P 500 declined by 0.5%, mainly due to rising oil prices and concerns over inflation, which was higher than expected for April.
The Nasdaq dropped 0.8%, and the Dow Jones fell by 198 points about 0.4%.
Oil prices increased sharply, with WTI crude above $101 per barrel and Brent crude over $108, partly influenced by geopolitical tensions.
President Trump criticized the U.S.-Iran ceasefire, calling it weak and on life support, after Iran proposed a deal that was rejected, adding to market uncertainties.
Source (CNBC)
