April 16, 2026

Wall Street eased off the gas Thursday after a euphoric run to fresh records, with the S&P 500 slipping 0.1%, the Nasdaq falling 0.3% and the Dow down 68 points as traders paused to digest a market surging on hopes the Iran war may be nearing an end. The pullback came just a day after the S&P closed above 7,000 for the first time and the Nasdaq topped 24,000, even as Trump declared Tehran “very badly” wants a deal and said Israel-Lebanon talks would begin Thursday, with second-round U.S.-Iran negotiations still only under discussion.

Markets turn south after record highs, as Trump’s Iran claim rattles Wall Street.

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