US stocks closed lower as hotter-than-expected inflation and escalating US-Iran tensions weighed on sentiment. The S&P 500 and Nasdaq retreated from record highs, led by tech weakness, while Dow held steady. Rising oil prices and fears of prolonged inflation reduced hopes of Fed rate cuts and lifted rate-hike bets.
Wall Street warms to India’s markets as oil pressures fade
India had fallen out of favor as investors chased markets with greater exposure to the artificial intelligence boom, while the energy shock triggered by the
July 7, 2026