Wall Street indices decline as Middle East tensions dampen rally despite Trump's decision to delay Iranian strikes.

US stock indices fall after renewed doubts about Middle East tensions dampen yesterday's rally. Credit concerns rise after ARES MANAGEMENT and APOLLO GLOBAL MANAGEMENT limit redemptions in their private credit funds. BlackRock and Morgan Stanley had made similar decisions earlier this month. Blackstone, Blue Owl Capital, and KKR also decline. The S&P 500 falls 0.7%. Most of the 11 industrial sectors of the S&P 500 are in the red, with the energy sector being the exception and gaining 1.7% due to rising oil prices.