US equities declined Tuesday as stalled US–Iran peace negotiations and expiring
ceasefire tensions lifted oil prices. The Dow, S&P 500, and Nasdaq each fell
about 0.6%. Investors also assessed Federal Reserve chair nominee Kevin Warsh’s
Senate hearing, where he said the “push-and-pull” between the president and the
Fed may be ending and, when asked if he would be a “sock puppet” for Donald
Trump, responded, “absolutely not.” Apple announced CEO Tim Cook will step down,
succeeded by John Ternus.
