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Tensions between the US and Iran continue, and the Nasdaq faces short-term risks suppressing gains
GateNews
ChainCatcher reports that the Nasdaq index fell sharply on Thursday, erasing all of Wednesday’s gains, as tensions between the US and Iran continue to weigh on the market. Despite favorable macroeconomic conditions for a rally, short-term risks keep the market in a range-bound fluctuation. Preliminary reports indicate that the third round of US-Iran talks has broken down, with Iran rejecting US demands. The latest news shows significant progress in negotiations, with the next round scheduled for next week. The main risks facing the Nasdaq include escalation of US-Iran military conflict and hawkish adjustments to Federal Reserve rate expectations.
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