Stock futures pulled back from record closes as commodities markets were shook by the ongoing war in Iran. M
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Stock futures pulled back from record closes as commodities markets were shook by the ongoing war in Iran. M
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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In the closing of the recent trading day, Dollar General (DG) stood at $102.38, denoting a -2.54% move from the preceding trading day.
ChargePoint Holdings, Inc. (CHPT) closed at $6.63 in the latest trading session, marking a -2.64% move from the prior day.
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<body><p>STORY: Wall Street's main indexes retreated from AI-fueled record highs on Friday, with the Dow dropping 1%, the S&P 500 shedding one-and-a-quarter percent and the Nasdaq declining more than one-and-a-half percent.</p><p>Stocks moved lower as a jump in benchmark Treasury yields reflected surging energy prices and concerns about long-term inflation.</p><p>Leah Bennett is chief investment strategist at Concurrent Investment Advisors.</p><p>“Equities are trading down today primarily, I think, because people are disappointed not to see any sort of movement between Trump and Xi coming out of the summit regarding the conflict in the Middle East. So, oil is up another 4% today. We obviously saw an impact on the CPI (Consumer Price Index) and the PPI (Producer Price Index). And the longer that oil prices stay up, the longer we're going to have rising inflation. And this is the first time we've really seen the ten-year inflation expectations cross 2.5%. And historically, that's been very consistent with a period where the Fed had to increase interest rates.”</p><p>Friday marks Jerome Powell's last day as U.S. Federal Reserve chair. Incoming Chair Kevin Warsh is saddled with the potential need for a rate hike if a protracted Iran war leads to sticky inflation.</p><p>Among individual stock moves, the AI rally largely stalled, with Nvidia losing nearly 4.5%, AMD shedding more than 5.5% and Intel dropping more than 6%.</p><p>On the flip side, shares of Microsoft rose 3% following the disclosure of a new position in the company taken by Bill Ackman's hedge fund Pershing Square.</p><p>And shares of Ford slid about 7.5%, retreating from a near 21% surge over the last two sessions on optimism over the automaker's energy storage business.</p></body>
Delta Air Lines (DAL) concluded the recent trading session at $70.23, signifying a -1.84% move from its prior day's close.
Synopsys (SNPS) concluded the recent trading session at $501.52, signifying a -1.67% move from its prior day's close.
In the closing of the recent trading day, CrowdStrike Holdings (CRWD) stood at $594.09, denoting a +2.44% move from the preceding trading day.
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.
The Nasdaq Composite and the S&P 500 fell from record highs as inflation concerns pushed Treasury yi
US equity indexes slumped as continuing uncertainty over the reopening timeline for the Strait of Ho
The U.S. stock market fell from its records and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market. The Dow Jones Industrial Average dropped 1.1%, and the Nasdaq composite sank 1.5% from its own record. The Nasdaq composite fell 410.08 points, or 1.5%, to 26,225.14.
The stock market rally took a hiatus on Friday, as a sharp Treasury selloff left investors wondering just how much higher bond yields can climb. The S&P 500 fell 1.2%, while the Dow Jones Industrial Average declined 537 points, or 1.1%, and the Nasdaq Composite lost 1.5%. The S&P 500 ended the week higher despite Friday’s pullback, with the index notching a seven-week winning streak, its longest since December 2023.
Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index rising 1.5% and t