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Wall St slips as Middle East uncertainty lifts oil; Trump-Xi talks in focus
Wall Street’s main indexes dropped on Thursday as uncertainty over prospects for a resolution to the Middle East conflict lifted oil prices and Treasury yields, keeping risk appetite in check ahead of a keenly watched US-China summit. US and Iran leaders exchanged barbs at the UN General Assembly this week, which sent Brent crude prices back to above $100 a barrel. A potential ban of US diesel exports added to investor caution. Technology stocks led declines on the S&P 500, with chipmakers such as Nvidia, Broadcom and Micron slipping over 1% each. Oracle lost 5.5% after a report said the c...
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