Stock market today: Dow, S&P 500, Nasdaq fall as Wall Street weighs prospects for Iran truce

Group 1 - US stocks experienced a pullback with the S&P 500 falling by 1%, the Nasdaq Composite decreasing by 1.4%, and the Dow Jones Industrial Average dropping by 0.8% amid uncertainty regarding US-Iran talks to resolve the Middle East conflict [1] - The ongoing US-Israeli war with Iran is influencing market dynamics, with both sides engaging in new strikes and President Trump urging Iran to negotiate seriously before it is "too late" [2] - Oil prices surged, with Brent crude futures remaining above $100 and West Texas Intermediate crude exceeding $94 before a slight pullback [3] Group 2 - Concerns about a potential US recession are rising as the oil price rally could lead to disruptions and increased costs for consumers, prompting markets to evaluate the Federal Reserve's response to the oil price spike [4] - Initial jobless claims reported by the Bureau of Labor Statistics were 210,000, aligning with market expectations [4]