Market sentiment on Wall Street turned negative on Monday morning as traders grapple with escalating global geopolitical risks. In a joint statement issued Monday, the United Kingdom, France and Germany urged Iran and its allies to avoid actions that could further escalate tensions and jeopardize prospects for a cease-fire and the release of hostages. The statement comes amid rising concern that Iran and its proxies could launch an attack on Israel in retaliation for the killing of Hamas political leader Ismail Haniyeh in Tehran late last month. On the macroeconomic front, the New York Fed’s consumer expectations survey indicated a decline in mid-term inflation expectations but rising concerns about future debt repayments. In response to the heightened geopolitical risks, ...