Investor confidence wanes even as Trump extends Iran deadline

Just a day after the S&P 500 rode out its worst session since the Iran war started, U.S. stock indexes were on the decline Friday and oil prices on the rise even as President Donald Trump extended a deadline on threats to target critical Iranian energy facilities if the country failed to re-open the Strait of Hormuz. As of midday Friday, the Dow Jones Industrial Average had lost over 300 points, around 0.7%, the S&P 500 was down 0.7% and the Nasdaq Composite had slipped by 1.1%. Benchmark Brent crude oil was trading for over $110 per barrel, on the…