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...
Trump's Madison Square Garden Rally Marred by Controversial Remarks
Former President Donald Trump's rally at Madison Square Garden on Sunday took a controversial turn as several speakers made crude and racist remarks. The event, intended to bolster support for Trump's presidential campaign, saw speakers targeting Vice President Kamala Harris and other prominent figures with offensive language.
Comedian Tony Hinchcliffe made derogatory comments about Latinos and Puerto Ricans, while radio host Sid Rosenberg likened the rally to a Nazi event. Trump's speech focused on his plans to halt illegal immigration and deport migrants, drawing cheers from the crowd. The rally has sparked widespread criticism and comparisons to historical fascist gatherings.
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