Dow Sinks as Oil Nears $100 on Iran War, Canada Tariffs
Dow futures sank 491 points as oil rose toward $100 a barrel and Canada’s retaliatory tariffs of up to 50% on U.S. goods took effect, traders said.
- On Tuesday, U.S. stock futures fell as Middle East conflict pushed oil toward $100 a barrel and Canada's retaliatory tariffs of up to 50% took effect on American goods.
- Escalating conflict involving Iran-backed Houthi militants striking Saudi Arabia's energy infrastructure and President Donald Trump's Monday demands that Canadian aircraft manufacturer Bombardier build products in the United States stoked inflation fears.
- The 10-year Treasury yield moved back above 4.8% on Tuesday as energy anxiety weighed on bonds, while markets in Tokyo, Seoul, Sydney, and Hong Kong also declined.
- Traders currently price in a 60% chance of a rate hike at the Federal Reserve's monetary policy meeting next week, with wholesale and consumer inflation data due Thursday and Friday.
- Dan Coatsworth, head of markets at AJ Bell, noted Tuesday that apparent moves toward a deal between Iran and Oman to manage shipping through the Strait could help alleviate energy concerns.
19 Articles
19 Articles
US market prediction: S&P 500, Dow futures slip as Middle East tensions push oil towards $100
US stock futures fell on 8 September amid rising Middle East tensions and soaring oil prices, heightening inflation concerns ahead of the Fed's policy meeting. The S&P 500 was set to open 0.4% lower, with traders focusing on upcoming inflation data and interest rate expectations.
Dow Futures slip 300 points | Brent above $97 | Defence stocks to get order boost
Wallstreet futures mixed; Dow future down 0.6%, Nasdaq higher. US markets closed on Monday for Labour Day holiday. Oil at a 6-week high; Brent at $97. Saudi Aramco oil facilities hit in fresh strikes on Monday. Iranian Parliament Speaker Mohammad Bagher Ghalibaf : “Strike our assets and you get struck.”. CME Fed Watch : 60% chance of a rate hike next week. US 10 year yield at 4.79% on rate hike expectations. US consumer & wholesale inflation dat…
Hola News
El ComercioNew York, 8 Sep (EFE).- Wall Street opened in red this Tuesday and its main indicator, the Dow Jones of Industrialists, lost 0.92 % while investors are still awaiting the war between the United States and Iran, the rise in the price of oil and growing trade tensions with Canada. Ten minutes after [...] The Wall Street entrance opens in red in the face of the oil rise and tensions between the U.S. and Iran was first published in HolaNews.
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
