US stocks were lower on Tuesday as investors pored through the latest developments in the Middle East, with the conflict between Israel and Iran raging on. Wall Street also digested weak retail sales data.
The Dow Jones Industrial Average lost 129 points, or 0.3%. The S&P 500 and Nasdaq Composite each shed 0.4%.
On Monday evening, President Donald Trump said in a Truth Social post that “Everyone should immediately evacuate Tehran.” Trump also left the G7 summit in Canada early to deal with the situation in the Middle East.
French President Emmanuel Macron said Monday that Trump offered a ceasefire between Iran and Israel. However, Trump said his departure from the G7 had “nothing to do with a Cease Fire. Much bigger than that.”
Regencell Bioscience shares jumped another 25% in morning trading. The biotech stock focused on herbal medicine has surged by more than 46,000% so far this year and yet, the company itself has made zero revenue — much less turned a profit.
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