US Stocks: Nasdaq ends down as expectations of Hormuz deal fade
- Posted on August 10, 2026
- By Business News Today
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- 1 min read
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US Stocks: Nasdaq ends down as expectations of Hormuz deal fade
The Nasdaq closed lower as investors worried about the Strait of Hormuz. U.S. crude oil prices jumped significantly amid the ongoing Middle East crisis. Intel shares fell after the company announced plans for a large share sale. Traders are now less confident about a Federal Reserve interest rate hike. Strong corporate earnings results previously boosted the S&P 500 to a record high.
