Wall Street opens lower as wholesale prices drop, oil slumps amid US-Iran deal hopes – Times of India

Wall Street opens lower as wholesale prices drop, oil slumps amid US-Iran deal hopes – Times of India

Wall Street slipped Thursday morning as markets digested a surprise drop in US wholesale prices and oil tumbled on growing optimism over a potential nuclear agreement between the United States and Iran.The Dow Jones Industrial Average fell 170.92 points, or 0.41%, to 41,880.14 at the initial minutes of market opening. The Nasdaq Composite dropped 83.94…

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White House: Stock market plunge is not as ‘meaningful’ as business activity

White House: Stock market plunge is not as ‘meaningful’ as business activity

The White House on Monday downplayed the weekslong stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy. “We’re seeing a strong divergence between animal spirits of the stock market and what we’re actually seeing unfold from businesses and business leaders,” a White House official told reporters…

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