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Wall Street ends mixed as US-Iran tensions offset AI optimism

Oil prices and 10-year Treasury yields both pulled back Wednesday after Tuesday's surge, while ADP showed August private-sector jobs growth slowed to 38,000.

Reported · Written up by our desk · Indices

Wall Street traded mixed on Wednesday as investors weighed renewed US-Iran clashes against signs of strength in the AI trade, according to LiveMint Markets.

At the open, the Dow Jones Industrial Average rose 62.7 points, or 0.12%, to 52,829.58, while the S&P 500 gained 3.1 points, or 0.04%, to 7,634.58. The Nasdaq Composite slipped 5.8 points, or 0.02%, to 26,094.004.

After Tuesday's surge, oil prices pulled back and 10-year US Treasury yields also retreated, reflecting shifting expectations tied to the geopolitical backdrop.

Investors also monitored labor data ahead of official employment numbers due Friday, with ADP reporting private-sector jobs growth of 38,000 in August, down from the previous month and below analysts' expectations. LiveMint Markets noted the ADP figures are closely watched even though reports can diverge.

Latest closeS&P 500 7,666.60 ▲0.5%|Nasdaq Comp. 26,217.83 ▲0.5%|Dow Jones 53,061.95 ▲0.6%

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