Stock Market Today: Dow futures pared losses as oil prices reversed on Iran state media reports of waived sanctions. Nvidia, Walmart earnings loom.
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US stocks have been predicted to start Monday trading in the red, as they ended last week, with investors continuing to worry about rising bond yields, stubborn inflation and the economic fallout from higher oil prices. Dow Jones futures were down around 262 points or 0.4%, while S&P 500...
Wall Street closed lower on Friday as rising oil prices and renewed concerns involving Iran weighed on investor sentiment.
Elevated bond yields and rising oil prices add to pressure on equities as diplomacy between Washington and Tehran shows little progress
Tesla CFO Vaibhav Taneja recently disclosed a sale of 3,000 shares, covering his taxes from stock options.
US equity investors will remain focused on President Donald Trump's attempts to force Iran to reopen
U. S. stock futures moved lower on Monday as investors remained cautious amid elevated global bond yields and ongoing geopolitical tensions surrounding Iran.
This is nightmare fuel for a historically expensive stock market that had already priced in additional rate cuts.
The S&P 500 tumbled 1.2% on Friday, the Nasdaq Composite fell 1.5% and the Dow Jones Industrial Average shed 537 points, or 1.1%. The 30-year government bond hit its highest closing yield in nearly 20 years, at 5.127%. President Trump said that he and Chinese leader Xi Jinping “feel very similar on Iran” and both want the conflict to end.
Stocks looked set to fall again on Monday as investors continued to worry about higher inflation, with the U.S. and Iran seemingly making no progress in their ongoing peace talks. The three major indexes tumbled on Friday, dragged down by soaring U.S. Treasury yields. The lack of a peace deal to end the conflict in the Middle East has caused investors to fret about a flare-up in inflation, with shipping through the Strait of Hormuz still disrupted.
Trump told Axios "the clock is ticking" for Iran and warned if the regime doesn't make a better deal "they are going to get hit much harder."
The stock market is near highs but oil prices and yields are headwinds with Trump issuing new Iran threats. Nvidia and Walmart earnings loom.
Futures are poised to open for trading later on Sunday ahead of earnings reports from Nvidia and Walmart this week and after President Donald Trump returned from a trip to China. Treasury yields jumped on Friday, with the 30-year rate rising to 5.1% after April inflation numbers came in elevated. There is no apparent progress on the situation in Iran.
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