
Choppy trading and brief rebounds have highlighted persistent fragility in the S&P, which had earlier slid amid Iran-related volatility. That fragility was tested again as oil jumped and investors worried U.S.-Iran negotiations might break down ahead of a ceasefire expiration, contributing to a modest drop. The index later showed resilience by rebounding and hitting an all-time high, but markets remain sensitive to future conflict developments and oil-price shocks.
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