S&P 500 and Nasdaq Retreat: Busy Earnings and Oil Rise

The S&P 500 and Nasdaq both pull back from record highs today. This comes on a busy earnings day for companies. At the same time, oil prices continue to rise as the U.S. considers a new offer to Iran. Consumer confidence also shows a slight uptick in April, reflecting some optimism surrounding the ceasefire in the Iran conflict. Investors are paying close attention to these developments. The Federal Reserve kicks off a two-day meeting today, which could impact interest rates and market sentiment. What's interesting is that while stocks retreat, the oil market is reacting positively to geopolitical news. The bottom line is that these economic shifts affect everyone, from your investments to how much you pay at the pump.