•US stock markets experienced sharp declines on Thursday, with Dow Jones falling 470 points and Nasdaq tanking nearly 2.5%, primarily due to uncertainties surrounding the Iran war.
•S&P 500 reached its lowest level since September last year, while futures saw a cautious rebound of up to 150 points after President Trump extended the pause on attacking Iran's energy infrastructure.
•Skepticism remains regarding a US-Iran deal, as Iran reiterated conditions including control of the Strait of Hormuz and war reparations, stating that messages via intermediaries are not formal talks.
•Memory chip stocks, including Nvidia, AMD, and Micron, were major drags on S&P 500 and Nasdaq, declining 4% to 11% after Google's AI storage algorithm research.
•Oil prices rebounded above $105 a barrel overnight, while the US Dollar index is near 100, and gold and silver are seeing a small rebound.
