US Stock Market: Nasdaq confirms correction, Wall Street slumps on Middle East uncertainty

Thursday marked the biggest one-day decline for the Nasdaq and the S&P 500 since January 20. President Donald Trump said Iran must make a deal with the U.S. or face a continued onslaught, while warning that taking control of Iran's oil was an option. A senior Iranian official told Reuters the U.S. proposal for ending nearly four ‌weeks of fighting is "one-sided and ⁠unfair," while ⁠stressing that diplomacy had not ended. Stock futures pared losses slightly after the market closed when Trump said he was pau ...