The Nasdaq and the S&P 500 were muted on Tuesday as higher Treasury yields pressured equities, though the blue-chip Dow bucked the trend on robust results from health insurance heavyweight UnitedHealth.
Asian markets fluctuated Wednesday as Federal Reserve boss Jerome Powell's indication that interest rates could stay higher for longer offset a rebound following the latest bout of Middle East-fuelled selling.
The Dow Jones Industrial Average outshone its peers on Tuesday following upbeat results from health insurer UnitedHealth, while higher Treasury yields and conflict in the Middle East kept investors on edge.
Shipping and the global economy are bracing for what could be another body blow as the fallout from last weekend’s Iranian missile attacks and the hijacking of a Zodiac Maritime-owned boxship MSC Aries threaten to spread and intensify the regional conflict.
Oil dipped for a second day on Tuesday as concerns about Middle East supply eased after Iran's weekend attack on Israel while stronger than expected U.S. retail sales dampened investor hopes for demand-spurring cuts to interest rates.
Europe’s major defense companies were rising on Monday as markets weighed the chances of a further escalation in conflict between Israel and Iran. Italy’s Leonardo rose 2.1%, France’s Thales was up 1.
London (UKX) -1.47% U.K. unemployment rose to 4.2%, up from 3.9% a year ago. Germany (DAX:IND) -1.38% Germany's wholesale prices fell by 3% year-on-year in March 2024. France (CAC:IND) -1.24% The annual inflation rate in Italy rose to 1.
By Shashwat Chauhan and Shristi Achar A (Reuters) -Futures tracking the Dow outshone peers on Tuesday on robust results from UnitedHealth, while elevated Treasury yields amid heightened tensions in the Middle East kept a lid on gains.
U.S. stock index futures edged lower on Tuesday, weighed by elevated Treasury yields as investors remained wary of the conflict in the Middle East, turning the lens on company earnings to gauge the strength of the economy.
Oil steadied on Tuesday with support from data showing China's economy grew faster than expected and Middle East tensions but weighed by concern that U.S. interest rates may stay higher for longer and reduce demand.
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks sank and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected U.S. retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.
Oil prices rose on Tuesday as the Chinese economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran's weekend missile and drone attack.
U.S. stocks closed sharply lower on Monday, as an early lift from a strong retail sales report succumbed to a jump in Treasury yields and concerns about rising geopolitical tensions between Iran and Israel.
Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation.