Market Recap | US-Iran Negotiations Rejected Again, US Stocks Turn From Gains to Losses, Trump Announces Ceasefire Extension

1. U.S. indices closed lower for a second day due to heightened U.S.-Iran conflict risk, with the S&P 500 down 0.63%, Dow 0.59%, and Nasdaq 0.59%.2. Futures turned positive after President Trump extended the ceasefire, pending Iran's unified negotiation proposal, while maintaining a naval blockade.3. Iran formally declined to attend the May 22 U.S.-Iran talks, citing U.S. obstruction, adding uncertainty to future arrangements.4. Iran blockaded the Strait of Hormuz, denying passage until its naval blockade is lifted.5. Warsh emphasized Fed independence, denying rate-cut pressure and calling for institutional reform, including updating inflation frameworks and communication strategies.6. U.S. March retail sales rose 1.7% MoM, driven by oil prices, but economists caution about consumer resilience amid persistent high oil costs and slowing hiring.7. Apple reassures markets with CEO Tim Cook transitioning to Executive Chairman, while incoming CEO Ternus highlights AI's potential to transform the company.▶️ Download our app here:📌 Play Store: ⁠https://play.google.com/store/apps/details?id=com.tradingkey.mobile&hl=en⁠📌 App Store: ⁠https://apps.apple.com/us/app/tradingkey-stock-analysis/id6744304666📢 DISCLAIMERTradingKey provides general information on certain investment products. This information is not intended to constitute financial advice or a recommendation for any specific investment product.