Risk Indicator: Neutral - FJElite
A jump in oil prices left stocks wavering as optimism over the US-Iran truce faded, with both sides accusing each other of breaching the deal announced after nearly six weeks of fighting.
As traders stayed focused on geopolitical developments, the latest economic data had little impact on markets. The S&P 500 was little changed. US crude hovered near $100 per barrel amid signs the Strait of Hormuz remains effectively closed. Treasuries and the dollar were little changed.
