Wall Street Recovers From Friday’s Shock as US Stocks Rally and Oil Prices Ease
- Wall Street stocks rallied and oil prices eased on Monday as global markets climbed amid ongoing geopolitical tensions and tariff concerns.
- The rally followed a near bear market earlier this year when the S&P 500 dropped 18.9% before recovering 21.3% since its April 8 low.
- Applied Materials led tech gains with its stock rising 3.9% to $55.90 after reporting stronger summer results and a better quarterly forecast.
- On Friday, Trump signed an executive order enabling Japan's Nippon Steel to invest in US Steel, whose shares rose 5.1%, partially offsetting defense contractors' declines.
- Market optimism depends on Congress delivering another stimulus package as inflation remains near 2% and the Federal Reserve plans to hold interest rates Wednesday.
140 Articles
140 Articles
Stock Market Today: Dow, S&P 500, Nasdaq Open Flat; Trump, Israel, Iran War; Fed Rate Decision; Tesla, Nvidia, More Movers
The Dow, S&P 500, and Nasdaq are wavering Wednesday as the stock market awaits an interest-rate decision from the Federal Reserve amid fears of an escalation of the war in the Middle East.
Stocks Tumble and Oil Surges on Middle East Jitters
The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.00%. June E-mini S&P futures (ESM25 ) are down -0.86%, and June E-mini Nasdaq futures...
Equity markets are returning to losing ground as part of the caution derived from the possibility of intensifying attacks by Israel. On Wall Street, Nasdaq reports a drop of 0.31 percent, at 19,641.44 points, followed by the S&P 500 with 0.24 percent, at 6,18.65 integers, and the Dow Jones, which yields 0.07 percent, is around 42,483.88 units.
U.S. actions retreated on Tuesday, in a context of diminishing hopes for a rapid resolution of hostilities between Israel and Iran. Former President Donald Trump stressed the prospect of a truce, while air strikes continued.At the close of the day, the Dow Jones Industrial Average (^DJI) fell by about 0.2%, the S&P 500 benchmark (^GSPC) decreased by about 0.3%, and the Nasdaq Composite (^IXIC), of great technological weight, fell by about 0.4%. …
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