Wall St mixed amid caution over Middle East tensions

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Wall St mixed amid caution over Middle East tensions

The benchmark S&P 500 and the Nasdaq have traded near two-week lows as investors price in a possible escalation in geopolitical tensions in the Middle East while a survey allayed worries about a rapid cooldown in the US labour market.

Markets were wary as Israel and the US vowed to strike back after Iran attacked Israel on Tuesday, following which the S&P 500 and the Nasdaq logged their biggest one-day drops in nearly a month.

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