Tech Tumbles, Oil Drops on Trump Iran Deal Hopes
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- Nasdaq and Dow swung lower in trading while J.M. Smucker stock jumped, per Investor's Business Daily's live coverage.
- Oil prices fell after Trump said an Iran deal could be reached in "two or three days," with the Dow and S&P 500 erasing most early gains as tech stocks tumbled, per MarketWatch.
Why it matters: Trump's signal that a US-Iran deal could close in "two or three days" pulled oil lower and dragged the Dow and S&P 500 off their early highs, with tech stocks taking the heaviest losses even as J.M. Smucker bucked the broader selloff.
