Market Close: Stocks Lower, Iran-Oman Talks, Home Sales Drop • 8/11/26

• Major US stock indices (Dow, S&P 500, Nasdaq) experienced modest losses on Tuesday.
• Investors are awaiting Wednesday's June Consumer Price Index (CPI) report, with expectations of a modest increase in inflation.
• Existing home sales fell in July, and mortgage rates are at their highest in a year, pushing near 7%.
• Geopolitical concerns emerged from reports of a US firing incident in the Strait of Hormuz, while Iran and Oman are reportedly discussing co-management of the strait.
• The global box office is seeing a strong summer, with 'Spider-Man Brand New Day' and 'The Odyssey' surpassing $1 billion.

US stock markets closed lower on Tuesday as investors awaited new inflation data and reacted to geopolitical tensions. Key economic indicators like existing home sales and consumer spending showed mixed signals, while mortgage rates continued to rise. The box office, however, reported strong performance from major films.