U. S. stock futures edged lower on Tuesday as investors monitored mounting uncertainty surrounding the conflict between the United States and Iran, while also preparing for the release of closely watched U.
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U. S. stock futures edged lower on Tuesday as investors monitored mounting uncertainty surrounding the conflict between the United States and Iran, while also preparing for the release of closely watched U.
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President Trump said the cease-fire was on “massive life support." The S&P 500 added 0.2% and the Nasdaq Composite rose 0.1%. The Dow Jones Industrial rose 95 points, or 0.2%. Shares of Lumentum Holdings led the S&P 500, surging more than 16%, with Coherent and Corning also up double-digits.
Stocks looked set to tumble on Tuesday as the stand-off between the U.S. and Iran dragged on, putting the market on edge ahead of an inflation reading that will make clear just how much the war in the Middle East is impacting the economy. S&P 500 futures declined 0.4% and contracts tied to the tech-heavy Nasdaq 100 dropped 0.8%. The S&P and Nasdaq both eked out record highs on Monday as the rally in chip stocks rolled on.
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SINGAPORE, May 12 (Reuters) - Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks
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The Dow Jones Industrial Average added 0.2%, while the S&P 500 also inched 0.2% higher and the Nasdaq Composite edged up 0.1%. Investor attention is focused squarely on events later in the week, including inflation data and a meeting between the U.S. and China. Sure, there’s still a war going on, and the impasse in the Gulf shows no signs of ending as the U.S. and Iran fail to reach a peace agreement.
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A rally in tech stocks lost steam as Wall Street awaited the April consumer inflation report, expected to provide clues tp how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
A rally in tech stocks lost steam as Wall Street awaited the April consumer inflation report, expected to provide clues tp how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
A rally in tech stocks lost steam as Wall Street awaited the April consumer inflation report, expected to provide clues tp how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
A rally in tech stocks lost steam as Wall Street awaited the April consumer inflation report, expected to provide clues tp how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
US stock futures rose as Wall Street awaited April's inflation report, which is expected to provide clues about how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
US stock futures rose as Wall Street awaited April's inflation report, which is expected to provide clues about how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
US stock futures rose as Wall Street awaited April's inflation report, which is expected to provide clues about how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
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