New York —
Stocks have climbed, bond yields have fallen and the US dollar has weakened across President Donald Trump’s second term so far — market movements the president has welcomed.
But the war with Iran is threatening to disrupt that, sending stocks lower and pushing yields and the dollar higher.
That complicates the narrative for a president who prides himself on record-high stocks, low borrowing costs and a weaker dollar for boosting manufacturing. And with a razor-thin Republican majority in the House of Representatives at stake, that could make Trump’s pitch to midterm