India, July 29 -- US stock indices are trading lower this morning as Wall Street adopts a cautious, wait-and-see stance amid rising Middle East tensions and major macro events. Investors are balancing a sharp spike in crude oil prices against the Federal Reserve's imminent interest rate decision and crucial tech earnings dropping after the bell.

U.S. Market Snapshot

S&P 500 (^GSPC): Slipping 0.2% to sit near 7,421.

Dow Jones Industrial Average (^DJI): Down roughly 434 points to 52,319.

Nasdaq Composite (^IXIC): Lower by 0.2% amid persistent tech pressure.

US Stock Market: Dow Jones Today

The Dow Jones Industrial Average (^DJI) is trading lower this morning, down approximately 434 points (or 0.8%) to 52,319. Wall Street is pulling ba...