US Stocks Dip as Trump Tries to Downplay Hormuz Mine Threat

US stocks weakened on Wednesday as investors remained focus on war in the Middle East, shrugging off inflation data from before hostilities began that showed easing price pressures.

The S&P 500 Index finished 0.1% lower, extending declines for a second-straight session. The Nasdaq 100 Index was little changed and Brent crude rose 5.9% to $92.99 a barrel. The S&P 500 remains below both its 50- and 100-day moving averages, with Wall Street traders pouring over charts to determine how much further the gauge could fall.