Asian Shares Retreat as US Stocks Halt Their Record-Breaking Rally, While Oil Prices Fall Back
Higher oil prices and rising Treasury yields pressured equities as a tech-led selloff erased gains, with the S&P 500 falling 0.7%, officials said.
- The Dow Jones Industrial Average dropped 1.2% and the Nasdaq composite sank 0.9% on Wednesday, snapping a nine-day winning streak as rising oil prices and Treasury yields pressured equities.
- West Texas Intermediate crude rose to $96 while Brent climbed 1.9% to $97.81 after the United States and Iran reported retaliations for earlier attacks or attempted ones.
- The yield on the 10-year Treasury rose to 4.49% from 4.46% late Tuesday, while the Russell 2000 index of smaller companies fell 1.3%, reflecting broad market weakness.
- Marvell Technology rose 4.4% after Nvidia CEO Jensen Huang suggested it could be the next trillion-dollar company, while Palo Alto Networks fell 5.8% despite reporting profit that topped expectations.
- The Federal Reserve's Beige Book indicates economic activity increased at a slight to moderate pace in 10 of 12 Fed districts, though businesses face inflationary pressure from higher energy costs.
71 Articles
71 Articles
The Bakersfield Californian
Oil prices fall, Wall Street mixed after record-breaking S&P rally runs out of steam
Oil prices fell and U.S. markets were mixed a day after declines on Wall Street snapped a nine-day winning streak for the S&P 500. Futures for the S&P 500 shed 0.4% before the opening bell Thursday, while futures for the…
European shares climb and Asian shares retreat after US stocks pause their record-breaking rally
World shares are mixed after declines on Wall Street that snapped a nine-day winning streak for the S&P 500. Oil prices fell after Israel and Lebanon announced they had agreed to extend their tenuous ceasefire. Markets in Europe started the…
Associated Press News
Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back
Asian shares have retreated following declines on Wall Street that snapped a nine-day winning streak for the S&P 500.
Havasu News
The Seattle TimesHow major US stock indexes fared Wednesday 6/3/2026
Oil prices rose following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks retreated from their records. The S&P 500 fell 0.7% Wednesday from its all-time high and snapped a nine-day winning streak. The Dow Jones Industrial Average dropped…
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