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South Korean Shares Open Lower on Overnight Wall Street Losses, Fresh US-Iran Tensions

South Korean shares opened sharply lower on Thursday, owing to overnight losses on Wall Street and fresh Middle East tensions after the U.S. launched new military attacks on Iran's Qeshm Islands.The benchmark Korea Composite Stock Price Index, or Kospi, fell 2%, or 177.67 points, to open at 8,623.82. The Kosdaq increased 0.7%, or 6.88 points, to open at 1,032.91.The major U.S. stock indices closed lower on Wednesday, with the Dow Jones Industrial Average declining 1.21%, the S&P 500 falling 0.74%, and the Nasdaq Composite shedding 0.89%.The U.S. military said it tackled multiple Iranian missiles and drone attacks in the Gulf and carried out self-defense strikes on an Iranian military ground control station on Qeshm Island. U.S. forces also shot down three Iranian attack drones that were heading toward civilian mariners in regional waters, according to the U.S. Central Command.

^KOSDAQKOSPI

Japan110d ago

US Equity Markets Lower After Middle East Situation Worsens

US equity indexes were lower on Wednesday after the situation in the Middle East worsened following attacks by the US and Iran and reports of no substantive progress in peace talks.* The US and Iran exchanged heavy fire on Tuesday evening after the US struck an empty oil tanker it said was attempting to breach its blockade, according to The Wall Street Journal. That set off a string of attacks by both sides, with Iran striking US bases in Kuwait and Bahrain, the WSJ reported.* No progress has been made in peace negotiations, Al Jazeera cited Iran's Foreign Minister Abbas Araghchi as saying, referring to the talks between Tehran and Washington.* ADP's monthly measure of private payrolls showed a 122,000 increase in May from a revised 105,000 expansion in the previous month, above expectations for an increase of 120,000 in a Bloomberg-compiled survey.* The Institute for Supply Management's US services index rose to 54.5 in May from 53.6 in April, compared with expectations for 53.8 in a survey compiled by Bloomberg.* July West Texas Intermediate crude oil rose $2.52 to settle at $96.32 per barrel, while August Brent crude, the global benchmark, was last seen up $2.03 at $98.03.* Sandisk (SNDK) shares were up about 6.7%, the top gainer on the Nasdaq, after Morgan Stanley raised its price target to $1,750 from $1,100 while keeping an outperform rating for the company.* Global Payments (GPN) shares were down nearly 8.3%, among the steepest decliners on the S&P 500, after Susquehanna adjusted its price target to $111 from $119 while maintaining its positive rating.

Dow JonesNasdaq CompositeS&P 500$GPN$SNDK

Japan111d ago

US Equity Indexes Retreat, Crude Oil Advances Amid Escalation in Iran War

US equity indexes declined while crude oil futures jumped as Iran struck Gulf nations Kuwait and Bahrain with missiles amid faltering diplomacy with Washington.The Nasdaq Composite fell 1% to 26,810.6 in midday trading Wednesday, with the S&P 500 down 0.7% to 7,559.4, and the Dow Jones Industrial Average lower by 0.8% to 50,884.2.Kuwait came under a barrage of ballistic missiles and drones on Wednesday that shut its international airport, killed one person, and injured dozens more, as Iran launched its largest salvo of the near two-month ceasefire, The Wall Street Journal reported.The US struck the evening before an empty oil tanker it said was attempting to breach its blockade, setting off a string of attacks by both sides, with Iran firing ballistic missiles at US bases in Kuwait and Bahrain, according to the news report.Brent crude futures marched 2% higher to $97.94, and West Texas Intermediate crude oil futures increased 2.3% to $95.91.Most US Treasury yields rose, with the 10-year up 4.2 basis points to 4.5%. The two-year advanced 3.5 basis points to 4.09%.

Dow JonesNasdaq CompositeS&P 500

Japan111d ago

US Equity Futures Mixed Pre-Bell as US, Iran Continue Military Strikes in Middle East

US equity futures were mixed pre-bell Wednesday as the US and Iran continued to exchange attacks in the Middle East, while progress on peace talks remained murky.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.2% higher.US Central Command reported the defeat of several Iranian ballistic missiles and drones launched at Kuwait and Bahrain. The military command said it also conducted "self-defense strikes" on Iranian forces on Qeshm Island in the Strait of Hormuz.President Donald Trump said that Iran has "already agreed" not to have nuclear weapons, according to a CNBC report that cited the New York Post's "Pod Force One" podcast. "I mean, now they can change their mind, but that was one of the things they've had to agree, they've agreed to that. That was the big thing," he said.Traders digested the latest round of earnings, with Palo Alto Networks (PANW) posting higher fiscal Q3 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.1% at $97.97 per barrel and US West Texas Intermediate crude 2.1% higher at $95.73 per barrel.The ADP employment report for May, expected at 8:15 am ET, is seen showing an increase of 120,000 from 109,000 in the prior month, according to estimates compiled by Bloomberg.The S&P Global purchasing managers' index composite final report for May, due at 9:45 am ET, is seen reporting 51.7, unchanged from the prior value. April factory orders, due at 10 am ET, are expected to have gained 4.6%, compared with 1.5% previously.Federal Reserve Governor Michael Barr and Dallas Fed President Lorie Logan are slated to speak on Wednesday.

Dow JonesNasdaq CompositeS&P 500$PANW

Japan111d ago

Gold Futures Retreat 0.6% to $4,491.6/Oz, Silver Futures Decline 1% to $74.77/Oz Early Wednesday

Japan111d ago

Gold, Silver Futures Fall Pre-Bell as Crude Oil Jumps Amid US-Iran Strikes While Tehran Hits Bahrain, Kuwait With Missiles

Japan111d ago

WTI Crude Oil Futures Jumps 2.5% to $96.11, Brent Crude Futures Advance 2.3% to $98.21 Early Wednesday

Japan111d ago

WTI, Brent Crude Oil Futures Jump Pre-Bell as US-Iran Exchange Strikes Amid Missle Attack on Bahrain, Kuwait

Japan111d ago

CBOE Volatility Index Rises 2.1% Pre-Bell as US-Iran Exchange Strikes, US Treasury Yields Jump With Crude Oil

Japan111d ago

US Equity Futures Mixed Pre-Bell as Washington-Tehran Trade Strikes Amid Drone Attacks in Kuwait, Bahrain

Japan111d ago

US Equity Markets Extend Rally to Records on AI Momentum, Jobs Data

US equity indexes closed higher Tuesday as the three major gauges extended a rally to records, fueled by the AI boom and stronger-than-expected jobs data.* US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg poll and up from the 6.887 million reported in March.* Redbook US same-store sales last week rose 9% from a year earlier, matching the pace in the previous week.* July West Texas Intermediate crude oil rose $1.56 to settle at $93.72 per barrel, while August Brent crude, the global benchmark, was last seen up $1.12 at $96.08 amid conflicting reports of the status of peace talks between Washington and Tehran.* Marvell Technology (MRVL) shares surged 32%, the biggest gain on the Nasdaq, after multiple news outlets reported the chipmaker was dubbed the next trillion-dollar company by Nvidia (NVDA) CEO Jensen Huang.Hewlett Packard Enterprise (HPE) shares jumped 19%, a day after as the company lifted its full-year outlook and reported stronger-than-expected fiscal second-quarter results.* Intuit (INTU) shares fell 9%, the second-largest drop on the Nasdaq, after Goldman Sachs downgraded the stock to sell from neutral and cut its price target to $276 from $519.

Dow JonesNasdaq CompositeS&P 500$INTU$MRVL$NVDA

Japan111d ago

US Equity Indexes Mixed as Confusion Surrounds Status of Iran Peace Talks

US equity indexes traded mixed amid conflicting reports of the status of peace talks between Washington and Tehran, while parts of Lebanon are rumored to remain under Israeli attack.The Nasdaq Composite was little changed at 27,082.2, giving up intraday gains ahead of the close on Tuesday. The S&P 500 edged up 0.1% to 7,610.3, and the Dow Jones Industrial Average climbed 0.5% to 51,352.6.Iran stopped communicating with mediators about extending a ceasefire in the war with the US and Israel, two semiofficial Iranian news agencies reported Tuesday, but President Donald Trump disputed the claim and said talks were continuing, according to the Associated Press.CNN, however, reported that Iranian media outlets have signaled talks between Tehran and Washington are ongoing, a day after reports that Iran suspended them. The country's top negotiator has threatened escalation if Israel's attacks on Lebanon continue, the news report added.Washington won't remove sanctions on Iran in exchange for a full reopening of Hormuz, adding that any sanctions relief is conditioned on Iran giving up enriched uranium, Al Jazeera cited US Secretary of State Marco Rubio as saying on Tuesday at a Senate hearing.The fourth round of talks between Israel and Lebanon is underway in Washington, DC, where Lebanese negotiators hope to secure a halt to attacks on and occupation of the south, Al Jazeera reported on the same day. The Israeli army has carried out several attacks on the southern Lebanese Nabatieh governorate, the news report added.Brent crude futures climbed 1% to $95.94, and West Texas Intermediate crude oil futures jumped 1.5% to $93.51. Both crude types were lower by more than 1% each earlier in the session.Shares of Hewlett Packard Enterprise (HPE) surged nearly 19%, the top gainer on the S&P 500, after the tech giant reported fiscal Q2 earnings ahead of analysts' forecasts.Marvell Technology's (MRVL) shares soared 30%, the biggest outperformer on the Nasdaq, after multiple news outlets reported that Nvidia (NVDA) chief executive officer Jensen Huang called the chipmaker the next "trillion-dollar company."

Dow JonesNasdaq CompositeS&P 500$HPE$MRVL$NVDA

Japan112d ago

US Equity Indexes Rise as Investors Assess Middle East Developments While Technology Extends Gains

US equity indexes ground higher in midday trading on Tuesday as investors weighed the response from Israel and Hezbollah to President Donald Trump's call to stop fighting in Lebanon, while technology extended gains.The Nasdaq Composite climbed 0.2% to 27,141.2, with the S&P 500 up 0.2% to 7,614.3, and the Dow Jones Industrial Average higher by 0.2% to 51,190.5.Utilities and technology were among the gainers intraday, while communication services led the decliners. Shares of Hewlett Packard Enterprise (HPE) surged 17%, the top gainer on the S&P 500, after the tech giant reported fiscal Q2 earnings ahead of analysts' forecasts.US President Donald Trump said he believes a deal to reopen the Strait of Hormuz and extend the ceasefire with Iran is reachable "over the next week," CNN reported.Lebanese authorities said Hezbollah, an Iran-backed militant group, agreed to a US proposal for a ceasefire with Israel in which strikes on Beirut would stop, the news report said. Trump declared Israeli forces would not move on Beirut after a call with Prime Minister Benjamin Netanyahu, it added.Israel and Lebanon are engaged in discussions at the US State Department after Hezbollah and Israel continued to trade strikes overnight, CNN reported.Brent crude futures edged up 0.1% to $95.10, and West Texas Intermediate crude oil futures climbed 0.2% to $92.35. Both crude types were lower by more than 1% each earlier in the session.

Dow JonesNasdaq CompositeS&P 500$HPE

Japan112d ago

US Futures Edge Lower Tuesday as Investors Continue to Monitor Middle East Conflict, Await Key Labor Data

US stock futures were tracking slightly lower in Tuesday's pre-market session as investors continue to monitor any signs of a possible peace deal to end Middle East fighting, and look ahead to key labor market data set for release later in the morning.The Dow Jones Industrial Average futures were down 0.2%, S&P 500 futures were 0.4% lower, and Nasdaq futures were off 0.1%.Oil prices were moving lower, with front-month global benchmarks Brent crude declining 1.18% to $93.86 a barrel, while West Texas Intermediate crude was down 1.19% to $91.06 a barrel.Investors will be looking ahead to the Job Openings and Labor Turnover Survey (JOLTS) for April, set to be released at 10 am ET, which will give investors a good indication on the strength of the US labor market. The reading is expected to remain unchanged at 6.866 million job openings.

Dow JonesNasdaq CompositeS&P 500

Japan112d ago

Gold Futures Rise 1.1% to $4,555.6/Oz, Silver Futures Advance 1.9% to $76.70/Oz Early Tuesday

Japan112d ago

Gold, Silver Futures Rise Pre-Bell as Crude Oil Drops Amid Trump's Push to Stop Israel-Hezbollah Fighting in Lebanon

Japan112d ago

WTI Crude Oil Futures Drops 1.7% to $90.61, Brent Crude Futures Slump 1.8% to $93.30 Early Tuesday

Japan112d ago

WTI, Brent Crude Oil Futures Slump Pre-Bell as Partial Ceasefire in Lebanon Follows Trump's Push to Stop Israel-Hezbollah Fighting

Japan112d ago

CBOE Volatility Index Rises 1% Pre-Bell Amid Reports Lebanon Attacks Continue Under Israel-Hezbollah's Partial Ceasefire

Japan112d ago

US Equity Futures Fall Pre-Bell as Big Tech Mixed in Early Activity While Trump Pushes for Lebanon Truce

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Japan111d ago

US Equity Indexes Mixed as Confusion Surrounds Status of Iran Peace Talks

Dow JonesNasdaq CompositeS&P 500$HPE$MRVL$NVDA