Wall Street indexes mostly fall as Iran war widens

Mr Trump said the US was in serious discussions with a “more reasonable regime” to end the war, but repeated his threat to open the Strait of Hormuz or risk US attacks on Iranian oil wells and power plants. The Dow Jones Industrial Average rose 49.5 points, or 0.11 per cent, to 45,216.14, the S&P 500 lost 25.13 points, or 0.39 per cent, to 6,343.72 and the Nasdaq Composite lost 153.72 points, or 0.73 per cent, to 20,794.64. Mr Powell said longer-term inflation expectations appear to be holding despite the current energy shock, and the Fed does not yet need to make a decision on how to react to the latest troubles.