Goldman, JPMorgan Traders Map Stock Outcomes as War Risks Rise

Some of Wall Street’s largest trading desks are mapping an array of market outcomes tied to the Iran conflict, as investors grapple with uncertainty over the prospects for a ceasefire.

US stocks bounced in late trading Tuesday as traders parsed conflicting messaging on the trajectory of the war. Pakistan asked for a two-week extension of US President Donald Trump’s 8 p.m. deadline for Tehran to reopen the Strait of Hormuz following a day of threats and military strikes.