LIVE MARKETS-US stocks lower as US-Iran ceasefire deal called into question

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US STOCKS LOWER AS US-IRAN CEASEFIRE DEAL CALLED INTO QUESTION

Major U.S. stock indexes are lower in early trading on Thursday, with Israeli attacks against Lebanon putting the recent U.S.-Iran ceasefire agreement into doubt.

At the same time, there was no sign Iran was lifting its near-total blockade of the Strait of Hormuz, which has disrupted global energy supplies, and Tehran said there would be no deal as long as Israel was striking Lebanon.

S&P 500 technology stocks .SPLRCT led decliners on the S&P 500, and software stocks were down, with the iShares Expanded Tech-Software ETF IGV.N falling about 3%.

On the flip side, Amazon.com AMZN.O shares are gaining as its CEO said AI services at its cloud-computing unit were generating annualized revenue of more than $1.5 billion.

Here is the morning market snapshot:

(Caroline Valetkevitch)

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