Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

By ALEX VEIGA
AP Business Writer 

US stocks end mixed; oil falls on US pullout from Iran deal

The major U.S. stock indexes partially recovered from a daylong slide in the final minutes of trading Tuesday to finish essentially flat.

 

May 9, 2018



The major U.S. stock indexes partially recovered from a daylong slide in the final minutes of trading Tuesday to finish essentially flat.

The indexes had been drifting slightly lower as investors weighed the Trump administration’s decision to withdraw from a 2015 nuclear deal with Iran and reinstate sanctions on the country.

The policy change, announced in an afternoon speech by President Donald Trump, had been largely expected by traders, who sent crude oil prices sliding more than 2 percent a day after crude reached above $70 a barrel for the first time in more than three years.

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