Wall Street is coming off a losing session in which higher oil prices and spiking Treasury yields weighed on equities.

Wall Street's main indexes slipped sharply lower on Friday as the month-long Middle East ‌conflict ⁠dragged on, ⁠weighing on sentiment despite the United States pushing back another deadline to strike Iran's ⁠energy infrastructure.

The Dow, S&P 500, and Nasdaq rose Wednesday as the stock market reacted to the latest peace developments in the Iran war.

US stocks ended sharply lower on Friday as a spike in oil prices weighed heavily on sentiment, pushing the Dow Jones Industrial Average into correction territory. The tech‑heavy Nasdaq Composite tumbled 2.

Stock futures jumped and oil prices dropped Wednesday following a report that the U.S. had sent Iran a 15-point plan to end the war.

Initial wild swings across markets following President Donald Trump's announcement that the U.S. and Iran had engaged in "very good" talks have started to fade in recent trading. Kneejerk gains have been nearly cut in half,