US Stocks Steady Near Record High as US Awaits Iran’s Reply
US stocks held steady near a record high as the US waits for Iran to respond to a proposal to reopen the Strait of Hormuz and end the war, while investors parsed a stream of earnings.
The S&P 500 Index climbed 0.1% at 9:34 a.m. in New York, with six of 11 sectors in the green, led by consumer discretionary and materials. The Nasdaq 100 Index rose 0.2%. Energy stocks were lower as West Texas Intermediate Crude oil dropped around 4% to about $91.