NEW YORK - The main US stock indices weakened uniformly during\nTuesday\u2019s trading (24\/3\/2026), alongside the renewed rise in crude oil\nprices and the ongoing Iran conflict, which has now entered its fourth\nweek.<\/p>\n
Citing CNBC on Wednesday (25\/3\/2026), the S&P 500 fell 0.37% and\nclosed at 6,556.37, after having surged sharply in the previous session.\nMeanwhile, the Dow Jones Industrial Average corrected by 84.41 points or\n0.18% to 46,124.06, and the Nasdaq Composite weakened 0.84% to\n21,761.89.<\/p>\n
US President Donald Trump stated on Tuesday that his country was\ncurrently \u201cin the process of negotiation\u201d with Iran. He also expressed\nconfidence that Iran had the desire to reach an agreement.<\/p>\n
That statement had briefly driven the major stock indices up more\nthan 1% in the previous day\u2019s trading. However, Iranian state media\nreported that there were no direct talks between the two countries.<\/p>\n
Uncertainty intensified as reports indicated that Israel and Iran\nwere still exchanging attacks, despite statements regarding negotiation\nopportunities.<\/p>\n
On the other hand, the US Department of Defense (Pentagon) is\nreportedly considering deploying around 3,000 troops to the Middle East\nregion, though no official decision has been made regarding sending\nforces to Iran.<\/p>\n
On the commodities front, oil prices continued their upward trend.\nBrent crude rose 4.55% to $104.49 per barrel, while West Texas\nIntermediate (WTI) strengthened 4.79% to $92.35 per barrel.<\/p>\n
Head of equity strategy at U.S. Bank Asset Management, Terry Sandven,\nsaid the market was currently moving in high uncertainty. According to\nhim, until there is clarity on the Iran conflict, market movements will\ntend to be sideways with high volatility.<\/p>\n
\u201cWhat we are seeing now is a high level of uncertainty regarding\nIran, so I assess that the market will move sideways with significant\nfluctuations until there is further clarity,\u201d said Terry Sandven.<\/p>\n
He also warned that if the S&P 500 falls below the 6,500 level,\nthe potential for further weakening remains open.<\/p>\n
\u201cIf the S&P 500 closes below the 6,500 level, there is a\npossibility of further weakening,\u201d he explained.<\/p>\n
Nevertheless, there are positive signals from diplomatic efforts,\nwith Pakistan offering to facilitate talks between the US and Iran.<\/p>\n
Previously, Trump had also threatened to attack Iran\u2019s power\nfacilities if the Strait of Hormuz is not reopened. In response, Iran\nstated it was prepared to target US infrastructure as retaliation.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/wall-street-weakens-as-iran-conflict-heats-up-oil-prices-surge-again-1774399846", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }