Dow Falls 400 Points as Wall Street Frets About Iran

Stocks began the week in an early hole as Wall Street digested the latest back and forth between the U.S. and Iran. The Nasdaq Composite was off 0.5%. “The big news over the weekend, which has sent oil prices back up and both equity and bond markets onto their back heels, was Iran refusing to soften its demands and President [Donald] Trump sending mixed signals about his willingness to reach a deal (though still stating that he will resume negotiations this week),” writes David Rosenberg of Rosenberg Research.