FINWIRES · TerminalLIVE
FINWIRES

US Equity Markets End Lower as Oil, Bond Yields Rise After US Strikes on Iran

By

US equity indexes ended lower Tuesday after crude oil prices and government bond yields rose following US attacks on Iranian targets.

* US forces began striking Islamic Revolutionary Guard Corps targets in Iran, the US Central Command said. The strikes follow recent attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and against US service members deployed to the region.

* US job openings rose to 7.271 million in July, according to the Bureau of Labor Statistics, below 7.313 million expected in a survey compiled by Bloomberg.

* The Institute for Supply Management's US manufacturing index fell to 54.6 in August from 55.6 in July, compared with expectations for 55.2 in a survey compiled by Bloomberg.

* October West Texas Intermediate crude oil rose $4.80 to settle at $90.56 per barrel, while November Brent crude, the global benchmark, was last seen up $4.57 at $95.06.

* Interactive Brokers Group (IBKR) shares fell 7%, the third-biggest drop on the S&P 500, after UBS downgraded the stock to neutral from buy.

* Bunge Global (BG) shares rose 4.2% after the company agreed to sell its Rio Vermelho and Nova Unialco sugarcane mills in Sao Paulo to Cofco International.

Related Articles

Japan

US Equity Markets End Lower After Crude Oil, Government Bond Yields Rise Following US-Iran Military Escalation

US equity indexes ended lower Monday after crude oil prices and government bond yields rose following US-Iran military escalation.* Iran and the US traded attacks for the first time in over a month overnight into Monday, CNN reported. Iran said it attacked US bases in Jordan and US military targets at the Al Minhad airbase in the United Arab Emirates after US forces bombed two rocket launchers on Iran's Larak Island, according to a report from Al Jazeera.* The Dallas Fed's monthly manufacturing index jumped to 11.6 in August from 1.3 in July, above expectations for 1.6 in a survey compiled by Bloomberg, indicating a faster pace of expansion.* October West Texas Intermediate crude oil rose $2.58 to settle at $85.98 per barrel, while November Brent crude, the global benchmark, was last seen up $2.35 at $90.45.* Tesla (TSLA) is selling a simplified version of Model 3 at a lower price in Hong Kong and Macau than in mainland China, according to media reports and the company's regional websites. Shares were up about 5.5%, the top gainer on the S&P 500 and Nasdaq.* Shares of PG&E (PCG) and Edison International (EIX) were down over 20%, the worst performers on the S&P 500, after ABC7 reported Sunday that California amended legislation to protect wildfire survivors' right to sue utilities for equipment-caused blazes.

Dow JonesNasdaq CompositeS&P 500$EIX$PCG$TSLA
Japan

Update: US Equity Indexes Fall Amid Gains in Crude Oil, Benchmark Treasury Yield

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell as crude oil jumped amid renewed Washington-Tehran military escalation and the 10-year government bond yield rose to its highest in about a month.The Nasdaq Composite fell 0.2% to 26,339.3, the S&P 500 retreated 0.3% to 7,686.7, and the Dow Jones Industrial Average slid 0.6% to 53,259.1 ahead of Monday's close. All sectors, except energy and technology, declined. Communication services led decliners, followed by utilities and industrials.Iran's military has reiterated a warning to the region not to allow the US military to launch attacks from their soil or risk retaliation, Al Jazeera, a Middle Eastern broadcaster, reported."As we have demonstrated on the ground, while respecting the national sovereignty of our neighbours, we will never tolerate any form of aggression and will respond with a far heavier retaliation," Al Jazeera cited a military statement."Those facilitating US aggression against the Islamic Republic of Iran should know that our powerful armed forces -- the IRGC and the Army, standing shoulder to shoulder -- will decisively target the source of any aggression."The front-month US West Texas Intermediate crude oil contract advanced 2.7% to $85.69 per barrel, and global benchmark North Sea Brent climbed 2.5% to $90.32 per barrel.US Treasury yields were mixed in the final leg of trading. The 10-year yield climbed 3.4 basis points to 4.76%, the highest since July-end, while the two-year was steady at 4.35%. The 30-year yield jumped 4.5 basis points to 5.25%.

Dow JonesNasdaq CompositeS&P 500
Japan

Update: US Equity Indexes Fall, Crude Oil Jumps as Iran Hostilities Resume

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes declined as investors weighed renewed Washington-Tehran military escalation amid higher crude oil prices.The Nasdaq Composite fell 0.5% to 26,276.1, the S&P 500 retreated 0.5% to 7,676.2, and the Dow Jones Industrial Average slid 0.7% to 53,204.2 after midday Monday.All sectors, except energy, declined. Communication services led decliners, followed by utilities, industrials, and real estate.President Donald Trump said the US will respond to an Iranian attack on US forces overnight in Jordan, Fox News reported. US air defenses intercepted all but one Iranian missile, which was allowed through because it was not expected to hit anything of consequence, the report said, citing the president.The front-month US West Texas Intermediate crude oil contract jumped 2.7% to $85.67 per barrel, and global benchmark North Sea Brent surged 3% to $90.68 per barrel.US Treasury yields were mixed after midday. The 10-year yield climbed 3.8 basis points to 4.76%, while the two-year fell 1.1 basis points to 4.34%.

Dow JonesNasdaq CompositeS&P 500