Stocks Gain as Pakistan Seeks Hormuz Extension

S&P 500 rose 0.1% to 6,617.74 and Nasdaq added 0.1% to 22,017.85, while Dow slipped 0.2% amid geopolitical tension.
Pakistan's prime minister Shehbaz Sharif asked Trump to extend the Hormuz deadline by two weeks and urged a ceasefire.
Oil prices fell, with Brent down 2.1% to $107.48 and WTI down 0.1% to $112.29 following the update.
US services sector slowed, employment contracted and inflation pressures rose, with CPI expected to jump 0.95% monthly, pushing annual rate to 3.4%.