US Equity Indexes Pare Decline Amid Diplomatic Efforts to Reopen Strait of Hormuz

Major US stock indexes trimmed their losses in late trading on Wednesday as reports emerged of diplomatic efforts to resolve the Strait of Hormuz standoff. Energy and defense sectors saw mixed movements amid uncertainty over the geopolitica

• Diplomatic efforts to reopen the Strait of Hormuz are underway.
• US equity indexes pared their decline following the news.