{"id":4961,"date":"2026-05-12T13:01:29","date_gmt":"2026-05-12T13:01:29","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=4961"},"modified":"2026-05-12T13:01:29","modified_gmt":"2026-05-12T13:01:29","slug":"wall-street-points-to-losses-as-pessimism-over-quick-end-to-iran-war-persists","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=4961","title":{"rendered":"Wall Street points to losses as pessimism over quick end to Iran war persists"},"content":{"rendered":"
\n

By YURI KAGEYAMA and MATT OTT, AP Business Writers<\/strong><\/p>\n

Wall Street pointed lower Tuesday and oil prices continued to rise amid doubts about a quick end to the Iran war.<\/p>\n

Read more Spain reports new hantavirus case in passenger evacuated from cruise ship as outbreak grows to 11<\/a><\/p>\n

S&P 500 futures slipped 0.4% before the opening bell, while futures for the Dow Jones Industrial Average fell 0.1%. Nasdaq futures slipped 0.9%.<\/p>\n

As the\u00a0war with Iran\u00a0threatened to\u00a0drag on, benchmark U.S. crude rose $3.43 to $101.50 a barrel. Brent crude, the international standard, climbed $3.62 to $107.83 a barrel.<\/p>\n

President Donald Trump said the U.S.-Iran ceasefire was on \u201clife support\u201d after rejecting Iran\u2019s latest peace proposal. That raises the stakes for Trump\u2019s trip this week to China. China is the biggest buyer of Iran\u2019s sanctioned crude oil.<\/p>\n

The war has already sent the price for a barrel of Brent racing up 50% from prewar levels of roughly $70 and stoked inflation through the global economy. The war has shut the\u00a0Strait of Hormuz\u00a0and kept oil tankers stuck in the Persian Gulf instead of delivering crude to customers worldwide.<\/p>\n

U.S. markets over the past couple of weeks had focused on\u00a0big corporate profits\u00a0and seemed to look past the war as earnings season rolled out. The strong performance suggested\u00a0the U.S. economy was holding up\u00a0even though\u00a0households are being pressured\u00a0by expensive gasoline and higher prices for goods due to new U.S. tariffs.<\/p>\n

A new look at inflation in the U.S. arrives Tuesday in the form of consumer price data for April. That could give economists and investors insight into how much the Iran war is impacting Americans and what that might mean for the broader economy going forward.<\/p>\n

Read more UK\u2019s Starmer defiant as calls for his resignation grow and a minister quits<\/a><\/p>\n

\n<\/div>\n

Elsewhere, in Europe at midday, France\u2019s CAC 40 slipped 0.6%, while the German DAX dipped 1.1%. Britain\u2019s FTSE 100 shed 0.5%.<\/p>\n

In Asia, Japan\u2019s benchmark Nikkei 225 added 0.5% to finish at 62,742.57. South Korea\u2019s Kospi dropped 2.3% to 7,643.15, in what analysts are categorizing as fallout from overreliance on fraying AI hopes.<\/p>\n

\u201cGlobal equities remain dangerously dependent on a tiny cluster of AI leaders, creating a rally structure that looks powerful on the surface but increasingly fragile underneath,\u201d said Stephen Innes, analyst with SPI Asset Management.<\/p>\n

He believes South Korea may be among the first major economies that will undergo what he called \u201cthe political redistribution phase of the AI boom.\u201d<\/p>\n

\n<\/div>\n

Australia\u2019s S&P\/ASX 200 dipped 0.4% to 8,670.70. Hong Kong\u2019s Hang Seng lost earlier gains and fell 0.2% to 26,347.91, while the Shanghai Composite lost nearly 0.3% to 4,214.49.<\/p>\n

Read more Deal reached with hackers to delete data stolen from the Canvas educational platform<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Wall Street was on track to open lower and oil prices continued to rise as optimism about an end to the Iran war seemed to fade.<\/p>\n","protected":false},"author":1,"featured_media":4960,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,2],"tags":[],"class_list":["post-4961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-facts","category-news"],"yoast_head":"\nWall Street points to losses as pessimism over quick end to Iran war persists - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=4961\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street points to losses as pessimism over quick end to Iran war persists - 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