U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
Stock Market Today: World Shares Mostly Advance After Wall St Comeback from Worst Loss Since 2022
Shares were mostly higher in Asia and Europe on Friday following a patchy comeback by Wall Street from its worst loss since 2022. Here are the key highlights:
- Asia:
- Tokyo: The Nikkei 225 index initially gained but later slipped 0.5% to 37,667.41. Tokyo’s core consumer price index rose 2.2% in July, adding to expectations that the Bank of Japan may raise its near-zero benchmark interest rate.
- Hong Kong: The Hang Seng edged 0.2% higher.
- Shanghai: The Composite index edged 0.1% lower.
- Seoul: The Kospi surged 0.9%.
- Taiwan: The Taiex sank 3.3% after reopening following a typhoon-related closure.
- Europe:
- Germany: The DAX edged 0.2% higher.
- France: The CAC 40 rose 0.8%.
- U.S. Futures and Oil Prices:
- U.S. futures and oil prices also saw gains.
The split performance on Wall Street saw general stocks and other previously downtrodden areas rise, while Big Tech stocks gave back some of their recent gains. Overall, markets remain volatile, influenced by global economic conditions and investor sentiment.
Remember to stay informed and consider professional advice when making investment decisions.
Comments
Post a Comment