I=7 S&P 500 and Nasdaq Composite shed 0.4% amid signs of escalation in the Iran conflict
There were reports that Iran had hit U.S. military vessels after President Trump announced military escort of stranded ships out of Strait of Hormuz, but these were denied by U.S. officials.
Later on, UAE said it intercepted Iranian missiles for the first time since the ceasefire began on April 8.