In the realm of U.S. stocks, uncertainty looms as investors await President Donald Trump’s decision on potential actions against Iran or the pursuit of a nuclear deal. White House spokeswoman Karoline Leavitt indicates that Trump will make a determination within two weeks, highlighting the delicate diplomatic dance between the two nations. Iranian President Masoud Pezeshkian emphasizes the need for the cessation of aggression as the key to ending the conflict.

Meanwhile, European leaders from the UK, France, and Germany are engaged in discussions with Iranian officials in Geneva, Switzerland, aiming to foster dialogue with the U.S. However, amidst these diplomatic maneuvers, senior U.S. officials are reportedly considering contingency plans for a strike on Iran, with speculation of a potential weekend operation.

In the financial sphere, Federal Reserve Governor Christopher Waller’s remarks on tariff impacts and potential interest rate adjustments garnered attention. His stance contrasts with Fed Chair Jerome Powell’s previous comments, hinting at a divergence within the central bank regarding rate policy. This divergence was mirrored in the stock market as the Dow edged up, the S&P 500 dipped below the psychological 6,000 level, and the Nasdaq experienced a decline. Oil prices also saw a decrease, while the 10-year yield fell.

Notably, Trump’s renewed criticism of Federal Reserve Chairman Jerome Powell underscored the ongoing debate over economic policies. Additionally, corporate news highlighted notable performances from companies like CarMax and Darden Restaurants, alongside developments in the cryptocurrency realm where hackers allegedly siphoned millions from Iran’s largest exchange. Amidst these multifaceted developments, the financial landscape remains dynamic and responsive to geopolitical shifts and regulatory decisions.