US Stocks: US Stocks Open Lower as Oil Gains on Mideast Uncertainty, Eyes on Trump-Xi Talks
Technology shares led declines as oil and Treasury yields climbed, with investors pricing a 71% chance of a Fed rate hike next month, CME Group said.
- Wall Street opened lower on Thursday as simmering Middle East tensions lifted Brent crude prices above $100 a barrel, with the Dow Jones Industrial Average falling 0.40 per cent.
- Investors exercised caution ahead of a keenly watched summit between Presidents Donald Trump and Xi Jinping, while uncertainty over the Middle East conflict continues to weigh on risk appetite.
- Markets priced in a 71% chance of at least a 25-basis-point hike next month, up from around 50% a day ago, according to the CME Group's FedWatch Tool. New York Fed President John Williams affirmed that "it was reasonable to think that rates might need to be raised again this year."
- MGM Resorts dropped 9.3% after People Inc withdrew its purchase proposal, while Darden Restaurants fell 5.5% on missed estimates. Oracle lost 5.5% following a "force majeure" notice, though Meta Platforms climbed 1.1% on the Charm gadget launch.
- The spotlight turns to the upcoming summit, where discussions are expected regarding AI regulation, the Middle East conflict, and Taiwan. Chief market analyst Steve Sosnick at Interactive Brokers said, "We have not really seen investors give up on that trade.
11 Articles
11 Articles
The Economic Times
Times of IndiaUS stocks: US stocks open lower as oil gains on Mideast uncertainty, eyes on Trump-Xi talks
Wall Street's main stock indexes fell as Middle East tensions weighed on financial markets. Oil prices have risen, which is causing a spike in Treasury yields during this period. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all opened lower this morning. Investors are also showing caution ahead of a significant summit between Donald Trump and Xi Jinping.
Wall St opens lower as oil gains on Mideast uncertainty, eyes on Trump-Xi talks
Sept 24 (Reuters) - Wall Street's main stock indexes opened lower on Thursday as simmering Middle East tensions lifted oil prices and Treasury yields, while investors also exercised caution ahead of a keenly watched summit between Presidents Don...
Wall St futures retreat as oil gains on Mideast uncertainty, eyes on Trump-Xi talks
Sept 24 (Reuters) - Wall Street futures dropped on Thursday as the Middle East conflict remained far from a resolution while investors also exercised caution ahead of a keenly watched summit between Presidents Donald Trump and Xi Jinping.US and Iran leaders exchanged barbs at the UN General Assembly this week, which sent Brent crude prices back to above $100 a barrel. A potential ban of US diesel exports added to investor caution.Shares of airl…
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
