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Informist, Thursday, Jul. 9, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US markets close flat; Trump says US-Iran interim deal "over"

 

MUMBAI--0701 IST--US Indices closed flat Wednesday as investor sentiment was affected by renewed US-Iran tensions and a jump in oil prices. US President Donald Trump said he was no longer interested in negotiating a deal with Iran and that the interim deal was "over" after another wave of attacks in the West Asia.  

 

The Dow Jones Industrial Average and the S&P 500 both ended slightly down. Microsoft and Alphabet each fell more than 1% and Meta Platforms lost 2% while SpaceX was down less than 1%. The Nasdaq Composite was marginally up, supported by a rally in Broadcom after it said that its agreement with Apple for supplying chips will be worth more than $30 billion.

 

Uncertainty regarding inflation due to rising energy costs created nervousness about rates hikes among investors. The minutes from the Fed'S June meeting revealed that Fed officials were reluctant to cut rates until they see inflation moving sustainably towards its target. Investors await the weekly jobless claims report and home sales data, both due later in the day, as well as Pepsico's earnings. 

 

"Any assumption of a swift return to normalized Persian Gulf exports is certainly being challenged," said Mason Mendez, global real assets analyst at Wells Fargo Investment Institute, as per a CNBC report. "Given the reduced supply buffer of already low global reserves and inventories, any further escalations are likely to re-enforce a higher geopolitical risk premium in oil prices--even when negotiations eventually resume."

 

Following were the closing levels of major US indices Wednesday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52348.39	(-)1.09
NASDAQ Composite	25870.65	0.20
S&P 500	7482.71	(-)0.28

 

(Deesha Jadhav)

 

US$1 = INR 95.55

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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