News Summary

• The Dow Jones Industrial Average ( ^DJI ) fell roughly 0.3% on Tuesday.
• The S&P 500 ( ^GSPC ) and the tech-heavy Nasdaq Composite ( ^IXIC ) declined about 0.6%.
• The standoff between the US and Iran intensified, raising doubts about progress toward a deal to reopen the Strait of Hormuz.
• The persistently high oil prices and an unclear path to end the war built anticipation toward Wednesday's Consumer Price Index (CPI) report.