A rebound in stocks sputtered as oil rose, with investors concerned about a potential Iranian response to US attacks on its nuclear sites.
The S&P 500 wiped out its advance after a Wall Street Journal reporter posted on social media that Iran is moving launchers for a possible attack on US forces. West Texas Intermediate topped $74 a barrel after earlier falling. Aside from the geopolitical risks, Treasuries climbed after Federal Reserve Governor Michelle Bowman signaled support for a potential rate cut as soon as July.
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