U.S. Markets closed

Stocks go nowhere as Trump pulls the US out of the Iran deal

Gina Heeb
Iran nuclear weapons


Stocks closed mixed Tuesday after the US withdrew from the Iran nuclear deal. Disappointing earnings reports weighed on indexes, with Henry Schein and Dish losing more than 6% and 12%, respectively. 

Here's the scoreboard:

Dow Jones Industrial Average: 24,360.21 +2.89 (+0.01%)

S&P 500: 2,668.14 −4.49 (-0.17%)

AUD/USD: 0.7451 -0.0059 (-0.79%)

ASX 200 SPI futures: 6,088.5 +6.50 (+0.11%)

  1. President Donald Trump said the US will withdraw from the Iran nuclear deal. Oil prices, which fell sharply earlier in the day, pared losses following the announcement.
  2. US Secretary of State Mike Pompeo is en route to North KoreaSome experts worry volatility that has surrounded the Iran deal could undermine talks
  3. Crude production in the US is expected to rise to more than previously thought next year. A report by the Energy Information Administration showed output increasing to 12 million barrels per day by the end of 2019
  4. Comcast is working to outbid Walt Disney for key 21st Century Fox assetsShares of Walt Disney fell following the news, first reported by Reuters. 
  5. Shares of MoviePass parent company Helios & Matheson Analytics crashed more than 30% after releasing updated financial details. The company disclosed a cash burn of more than $20 million each month. 

Here is Wednesday's economic calendar:

  • The US reports weekly crude inventories and monthly producer price index data. 
  • New Zealand announces rate decisions.

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