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Stocks Slip on Wall Street Under Pressure From Rising Oil Prices, Bond Sell-Off
- U.S. stocks weakened on Monday as a war-related jump in crude prices revived inflation fears, pushing the Dow Jones Industrial Average down 0.70% to 53,185.90.
- Following President Donald Trump's implementation of costly economic sanctions, Iran's President Masoud Pezeshkian said Tehran is seeking a negotiated solution to the war.
- Financial markets price in more than a 65% likelihood of a September rate hike, according to CME's FedWatch tool, as Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia, noted continued Middle East hostilities complicate the outlook.
- California's PG&E plunged 20.1%, its largest loss in over six years, while GameStop shares rose 2.9% after announcing it would pay about 27% of a $1.4 billion debt exchange using cash.
- Energy shares enjoyed the largest percentage gains among major sectors, with Halliburton and Valero Energy both advancing 1.9%, even as all three major U.S. stock indexes posted monthly gains for August.
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77 Articles
77 Articles
Winnipeg Free Press+13 Reposted by 13 other sources
Asian shares decline after stocks slip on Wall Street, while global bond sell-off intensifies
HONG KONG (AP) — Asian shares tumbled Wednesday after stocks slipped on Wall Street and as a bond market sell-off deepened globally.
·Winnipeg, Canada
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American stock indices declined on Tuesday, including as a result of increased global bond sales, raising their returns to multi-year maximums.
Bluefield Daily Telegraph+5 Reposted by 5 other sources
Stocks slip on Wall Street under pressure from higher oil prices and rising bond yields
Stocks fell on Wall Street as another round of U.S. military strikes on Iran sent oil prices higher, stoking worries about stubbornly high inflation. Bond yields moved higher, putting even more pressure on stocks. The S&P 500 fell 0.7% Tuesday.…
Coverage Details
Total News Sources77
Leaning Left15Leaning Right14Center26Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 27%
C 47%
R 26%
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