AP, New York :
US stocks mostly fell on Tuesday, but the big rush for safety that coursed through global markets after the United States killed a top Iranian general on Friday slowed.
Gold’s momentum eased a day after touching its highest price in nearly seven years, several Asian and European stock markets clawed back much of their losses from Monday and benchmark U.S. crude dropped for the first time in four days. The S&P 500 dipped but remains within 0.6% of its record, and a measure of fear in the stock market moved lower.
The market’s return to a wait-and-see approach wasn’t that surprising to some investors, even as talk remained tough in the increasingly tense U.S.-Iran confrontation. U.S. officials were preparing for an Iranian response to their drone strike against Gen. Qassem Soleimani.
That came after the close of trading on Wall Street in the form of Iranian missile attacks on two Iraqi bases that house U.S. troops. Futures on the S&P 500 index dropped about 1.5% following the attacks, while benchmark crude oil prices jumped about 3%.
Gold’s momentum eased a day after touching its highest price in nearly seven years, several Asian and European stock markets clawed back much of their losses from Monday and benchmark U.S. crude dropped for the first time in four days. The S&P 500 dipped but remains within 0.6% of its record, and a measure of fear in the stock market moved lower.
The market’s return to a wait-and-see approach wasn’t that surprising to some investors, even as talk remained tough in the increasingly tense U.S.-Iran confrontation. U.S. officials were preparing for an Iranian response to their drone strike against Gen. Qassem Soleimani.
That came after the close of trading on Wall Street in the form of Iranian missile attacks on two Iraqi bases that house U.S. troops. Futures on the S&P 500 index dropped about 1.5% following the attacks, while benchmark crude oil prices jumped about 3%.
