The tension between the US and Iran continues, and the Nasdaq faces short-term risks that suppress its rise

According to Jinshi reports, the Nasdaq index fell sharply on Thursday, erasing all gains from Wednesday, as tensions between the United States and Iran continue to weigh on the market. Despite a macro backdrop favorable for market gains, short-term risks keep the market in a range-bound fluctuation.

Preliminary reports indicate that the third round of negotiations between the U.S. and Iran has broken down, with Iran rejecting U.S. demands. The latest news shows that significant progress has been made in the negotiations, with the next round scheduled for next week. The main risks facing the Nasdaq include the escalation of military conflict between the U.S. and Iran and a hawkish adjustment in Fed interest rate expectations.