Stocks, Bonds Fall as Middle East Worries Outweigh AI Enthusiasm

Stocks were down, feeling the burn from rising bond yields and oil prices as traders see a U.S.-Iran resolution slipping further away. The Dow was down 0.3%, though it closed less than half a percent point from a record level. The latest pressure comes from a Reuters report that said Iran’s Supreme Leader Mojtaba Khamenei has ordered to keep the country’s near-weapons-grade uranium in Iran, rather than send them abroad as the U.S. wants.