09.04.202613:39:57UTC+00US Stocks Halt Rally

US equities were little changed on Thursday, pausing the prior session’s rally as renewed tensions around the US-Iran ceasefire tempered hopes for sustained declines in oil prices. The S&P 500 and Nasdaq 100 hovered around the flatline, while the Dow edged slightly lower. Iranian officials accused the US of breaching the agreement, and Tehran continued to issue threats against vessels waiting to transit the Strait of Hormuz. These developments marked a reversal from earlier US signals that the deal would restore regional oil flows and support a path toward peace—optimism that had driven a sharp drop in energy prices and bond yields the day before. Major tech names, which had rallied on the improved risk sentiment, traded lower, with Nvidia, AMD, and Broadcom each down more than 0.5%. Recently released FOMC minutes confirmed that policymakers are increasingly alert to inflationary pressures stemming from the conflict, and tomorrow’s CPI release will provide an initial gauge of the impact of higher energy costs.