Why Nasdaq Trimmed Losses After Trump Said He Will 'Hold Off' Iran Attack

President Donald Trump's influence on the U.S. stock market was on full display during the final hour of trading. Nasdaq, a major index that holds stocks of big tech companies, had swung lower by 1.3% for the day as of 2:59 p.m. Eastern time. Then came the post by Trump, proclaiming that "we will NOT be doing the scheduled attack of Iran tomorrow" and the "hold off" came at the request of leaders in the Middle East.