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Stocks Advance After Bessent Says Talks with China Were Successful Before Trump-Xi Meeting – WTOP News
- On Wednesday, Wall Street's main indices fell as crude oil prices climbed above US$105 a barrel and bond yields rose, while investors awaited a high-stakes US-China summit.
- Iran's defiant stance on Hormuz navigation and rising energy costs from the US-Iran conflict have fueled inflation concerns, triggering the sharpest selloff in Treasuries since last year's turmoil.
- Meta Platforms rose 1.5% on AI optimism, contrasting with a 5.4% drop in Paychex and a 1.5% decline in the Philadelphia chips index as investors weighed mixed earnings.
- Fed and ECB officials, including New York Fed President John Williams, will speak Thursday amid market anxiety, as traders price in a nearly 70% chance of an October interest rate hike.
- Chinese President Xi Jinping arrived in Washington for his first US visit in nearly three years, with officials expected to discuss extending the 11-month trade truce and AI regulation.
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Wall Street opens negative. Dow Jones loses 0.32% at 51.324.21 points, Nasdaq gives 0.76% to 26.726.75 points while S&P 500 leaves 0.49% to 7.666.77 points on the ground. (ANSA). (ANSA)
·Rome, Italy
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Ottumwa Courier+2 Reposted by 2 other sources
US markets point to more losses as Treasury yields hover near two-decade highs, energy prices rise
U.S. markets are pointing to a third day of consecutive losses after a remarkable surge in Treasury yields this week continues, as does a rebound in energy prices. Futures for the S&P 500 fell 0.54% Thursday. Futures for the Dow…
European shares dip on Middle East tensions ahead of US-China talks
·London, United Kingdom
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Total News Sources162
Leaning Left27Leaning Right24Center46Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 28%
C 47%
R 25%
Factuality
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