Stocks Hold Steady on Wall Street as Oil Prices Ease, Treasury Yields Remain Stable
The S&P 500 was mostly unchanged as Brent crude fell 1.5% and the 10-year Treasury yield held near 5.25%, easing market pressure.
- Wall Street held steady on Tuesday as the S&P 500 was mostly unchanged, with the Nasdaq composite rising 0.2% while Brent crude fell 1.5% to $96.41 a barrel.
- The United States' war with Iran disrupts oil shipments through the Strait of Hormuz, fueling Treasury yields that threaten to slow economic growth by making borrowing more expensive.
- Big technology companies helped offset broader losses; Nvidia rose 0.8% and Broadcom rose 3.3%, while CarMax shares jumped 7.2% after reporting soaring revenue that beat Wall Street expectations.
- Consumer confidence dipped to its lowest level in 12 years, and the Labor Department reported August job openings slid to 7.08 million as inflation remained stubbornly above 3%.
- Economists expect the PCE index to rise 3.7% on Wednesday, with a broader employment report due Friday to provide further clarity on the economy's trajectory.
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14 Articles
The main US indices opened this Tuesday's session between slight gains and slight losses, with the decline of oil and the relief of the return on the treasury bonds to encourage investors.
Wall Street opens the contrasted session: the Dow Jones scored a fall of 0.10% at 51,428.73 points, while the Nasdaq rose by 0.29%, at 26,898,43. The S&P 500 marks a rise of 7.690,66 (+0.09%). (ANSA). (ANSA)
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Stocks hold steady on Wall Street as oil prices ease, Treasury yields remain stable
Stocks held steady on Wall Street as Treasury yields stabilized and oil prices fell.
Wall Street indices operated without a single direction, with the brief relief in Treasury revenues and the fall in oil prices, while investors monitor the unfolding of negotiations between the United States and Iran to end conflicts in the Middle East. Check out the performance of the indices after opening: What [...]
At the opening, the Dow Jones index fell 0.13 percent to 51,416.96 points. The S&P 500 index rose 0.21 percent to 7,699.60 points, and the Nasdaq index gained 0.31 percent to 26,904.60 points. The US-Iran tension...
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