Extreme Greed Persists as US Markets Digest Iran Tensions

U.S. equities traded mixed Thursday as investors processed President Trump's address on Iran, which tempered immediate fears of military escalation but left sentiment in a state of extreme greed. The Dow Jones Industrial Average slipped 0.1%, while the S&P 500 and Nasdaq posted modest gains. Markets closely monitored the Strait of Hormuz, a critical oil chokepoint, following heightened tensions in the region. "The initial shock has passed, but uncertainty remains high," noted one market strategist. Among notable movers, Tesla shares fell 5%, extending a volatile stretch, while Acuity Brands dropped 8% after a downgrade. Encouraging economic data provided a partial offset, with weekly jobless claims declining to a new low, signaling continued strength in the labor market.