S&P 500 Erases Losses as US, Iran Reportedly Discuss Hormuz Deal: Stock Market Today
Stocks pared a sharp morning selloff after sources said US and Iranian negotiators are discussing a phased deal to reopen the Strait of Hormuz.
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Tigress Financial analyst Ivan Feinseth maintains Meta Platforms (NASDAQ:META) with a Strong Buy and raises the price target from $945 to $995.
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Stocks pared a sharp morning selloff after sources said US and Iranian negotiators are discussing a phased deal to reopen the Strait of Hormuz.
U.S. stock markets declined for a second consecutive day as Treasury yields reached multidecade highs and geopolitical tensions drove oil prices up. The Nasdaq fell 0.8%, the Dow 0.6%, and the S&P 500 0.5%. Oracle's data center project faced delays due to power supply issues, while Meta gained on AI optimism. The U.S. and China extended their trade truce by only two months instead of the three years China sought.
Meta's Muse AI agent has climbed to the top of app store charts since its September launch, driving an 11% single-day stock jump. While analysts focus on subscription revenue potential, the article argues Muse's true value lies in the user data it provides for advertising. By capturing high-intent purchase signals previously dominated by Google and Amazon, Meta can improve ad targeting and pricing, potentially adding billions in revenue beyond subscriptions.
Major stock indices declined on September 24, 2026, as rising Treasury yields extended the previous day's sell-off. The S&P 500 fell 0.48%, Nasdaq dropped 0.77%, and the Dow declined 0.71%. Oracle tumbled nearly 5% after invoking force majeure on a New Mexico data center project, while Meta gained following the launch of new VR glasses and a handheld device. Rising bond yields, driven by inflation concerns and geopolitical uncertainty, pressured equities across sectors.