Investors were in a more sober mood after sharp moves on the previous day.
Just after stocks ended another bruising day, the president took to social media to promote progress in talks with Iran.
Markets in Europe and the United States appeared to stabilize after days of turmoil, but stocks in Asia fell sharply.
Who will lead Iran once the war is over? “Most of the people we had in mind are dead,” says President Trump.
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
The S&P 500 recovered ground in the afternoon but still ended the day lower, as investors sought cover from the unpredictable effects that the fighting could have on the world economy.
Higher fuel prices and lower demand for international flights are expected to eat into airlines’ profits.
Stock markets rose even as the fighting between the two countries continued into its fourth day.