Wall Street closes hesitantly under geopolitical pressure

The American session ends on a hesitant note after a previous week driven by tech stocks. The indices take a breather near their peaks.

The Nasdaq Composite falls by 0.22% to 24,783 points.
The S&P 500 drops 0.06% to 7,161 points.
The Dow Jones Industrial Average loses 0.05% to 49,208 points.

Energy Still Under Pressure
The blockade of the Strait of Hormuz continues to weigh on oil markets. Brent hovers around $110, while WTI remains close to $98, amidst high sensitivity to geopolitical tensions.

Unchanged Geopolitical Situation
Discussions between Washington and Tehran remain unstable. Iran reportedly sent new proposals through Pakistani intermediaries, with a gradual approach: cessation of hostilities, resumption of maritime traffic, then nuclear discussions.
Donald Trump maintains a firm stance and confirms the continuation of the blockade of the Strait of Hormuz. Exchanges remain indirect, with no concrete progress.

Macroeconomics: Negative Signal in Texas
The Dallas Fed manufacturing index stands at -2.3, compared to -0.2 previously, below consensus. However, the production index rises to 19, from 6.8 before.

Monetary Policy: Expected Status Quo
Markets anticipate the Federal Reserve keeping rates unchanged, with a 100% probability of rates remaining between 3.50% and 3.75% according to CME FedWatch. The scenario of prolonged maintenance remains dominant.

Currencies
The euro is around 1.17/$, while Bitcoin stabilizes at $76,855.

Stocks
Verizon rises by +1.5%, supported by solid results and an upward revision of its annual targets.
Domino’s Pizza falls by -8.8%, impacted by weaker international dynamics and results below expectations.
Meta gains +0.5%, despite regulatory obstacles in China related to an AI acquisition.
Microsoft remains stable after adjusting its partnership with OpenAI to a non-exclusive model.
United Airlines drops by -1.1%, while American Airlines falls by -3.4% following the abandonment of a merger project.

The session ends on a cautious note, between high oil prices, persistent geopolitical tensions, and markets awaiting clearer catalysts.