U.S. stocks ended lower on Thursday as escalating Middle East tensions pushed crude oil prices sharply higher, fanning inflation fears and boosting bond yields. The S&P 500 fell 0.18%, the Dow Jones Industrial Average dropped 0.85%, and the Nasdaq 100 declined 0.39%. A report that Iran may restrict vessels from the Strait of Hormuz under a proposed deal with Oman sent WTI crude up more than 2%, while the 10-year Treasury yield rose 5 basis points to 4.66%. AppLovin closed down more than 19% after reporting Q2 revenue growth of $1.92 billion, below the consensus of $1.94 billion, and Datadog fell 18% on weaker-than-expected adjusted gross margin. Gains in energy stocks and positive earnings from Motorola Solutions and Paycom Software provided some support.
