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Mediators report little progress in U.S.-Iran talks, causing U.S. stocks to retreat amid a bond selloff. The UN has lowered global growth forecasts due to the Middle East conflict, while U.S. pending home sales rose 1.4% in April. Canada’s inflation hit 2.8%, and Japan's economy accelerated, supporting potential rate hikes. The U.K. unemployment rate increased to 5.0%, and Australia's central bank is considering the impact of the Iran conflict on interest rates.

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Dow Jones Top Markets Headlines at 3 PM ET: Mediators See Little Progress in U.S.-Iran Talks | U.S. ...

Markets experienced mixed trading as geopolitical tensions influenced price movements. President Trump postponed a planned attack on Iran, responding to requests from Gulf allies, which led to a rise in equities and Treasuries. However, uncertainty remains as Trump warned of potential military action if negotiations fail. The US housing market index showed improvement, but homebuilder sentiment remains cautious. Upcoming economic data includes Japanese GDP and UK jobs report.

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Markets chop to geopolitics while Trump holds off on immediate Iran attack - Newsquawk US Market Wrap

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Dow Jones Top Markets Headlines at 3 PM ET: Mediators See Little Progress in U.S.-Iran Talks | U.S. ...

Markets chop to geopolitics while Trump holds off on immediate Iran attack - Newsquawk US Market Wrap

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