US Stocks Today: S&P 500, Dow Gain as AI Strength Offsets US-Iran Friction
- The Dow Jones Industrial Average rose 0.47% on Wednesday while the Nasdaq Composite slipped 0.06%, as investors balanced renewed US-Iran tensions against strength in technology stocks.
- Renewed US-Iran tensions fueled fears of broader regional conflict, ending recent calm and reviving inflation concerns as the biggest exchange of fire since July intensified geopolitical risks.
- Dell shares rose 6.7% after raising annual profit forecasts, while The Magnificent Seven stocks were mixed; Nvidia gained 1.2%, but Microsoft and Tesla each fell 0.5% and one per cent.
- Markets are pricing in a 66% probability of a September rate hike via the CME FedWatch tool, up from about 37% a week earlier, while the 10-year Treasury yield remains near its highest since January last year.
- "Investors are very concerned about the upward trend in global bond yields and as a result, are lightening their exposure to equities where they have substantial profits," said Sam Stovall, chief investment strategist at CFRA Research, ahead of Friday's jobs report.
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24 Articles
Daily Journal
Stocks rise on Wall Street as oil prices, bond yields hold relatively steady
Stocks are rising on Wall Street as steady oil prices and bond yields relieve some pressure. The S&P 500 index rose 0.6% Wednesday. The Dow Jones Industrial Average rose 421 points, or 0.8%. The Nasdaq composite rose 0.3%. Oil prices…
The Detroit News
S&P 500, Dow rise as AI boost counters US-Iran tensions
The benchmark S&P 500 and the blue-chip Dow indexes rose on Wednesday, as investors weighed renewed U.S.-Iran clashes.
The New York stock market is showing mixed trends on the 2nd (local time) amid the continuing armed conflict between the U.S. and Iran. Although bargain buying has flowed in following three consecutive days of stock price declines, concerns that oil and inflation could rise again if the Middle East war drags on are weighing on investor sentiment. As of 9:59 a.m. on this day, the Dow Jones 30 Industrial Average on the New York Stock Exchange is d…
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