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Update: US Equity Indexes Retreat as Houthi Strikes on Saudi Arabian Energy Facilities Lift Crude Oil, Treasury Yields

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes slid as Iran-backed Houthi attacks on Saudi Arabian energy sites pushed crude oil and government bond yields in the United States higher.The Dow Jones Industrial Average dropped 1.1% to 52,853.3, the Nasdaq Composite declined 0.3% to 26,434.4, and the S&P 500 retreated 0.5% to 7,684.5 ahead of Tuesday's close. Energy, utilities and real estate were the trio of gainers. Healthcare and financials led decliners.Iran's Fars news agency reported an explosion in the southern Jask area of the Islamic Republic, after reports of earlier explosions heard on the country's Kharg Island, Al Jazeera, a Middle Eastern broadcaster, reported.This comes as Yemen's Tehran-backed Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported. Saudi Arabia said the attacks stopped operations at several energy facilities in the kingdom's south, Bloomberg reported, while noting a pick-up in buying by China, the world's largest importer.The front-month US West Texas Intermediate crude oil contract jumped 2.3% to $93.62 per barrel, and global benchmark North Sea Brent advanced 1.6% to $98.54 per barrel.US Treasury yields rose, with the two-year up 1.7 basis points to 4.40% and the 10-year higher by 1.4 basis points to 4.80%.In company news, Novartis (NVS) sank nearly 14% after the company said its phase 3 Harbor study evaluating delpacibart etedesiran in patients with myotonic dystrophy type 1 failed to meet its primary endpoint of video hand opening time. Amgen's (AMGN) experimental heart drug olpasiran may still show a meaningful reduction in major cardiovascular events, even after Novartis' competing drug failed in a large study, UBS Securities said Monday in a report. Shares slumped more than 10%, the worst performer on the S&P 500, the Nasdaq, and the Dow.

Dow JonesNasdaq CompositeS&P 500$AMGN$NVS

Japan13d ago

Update: US Equity Indexes Fall as Crude Oil Advances Following Attacks on Saudi Arabian Energy Sites

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell as crude oil jumped after an Iran-backed militia group hit energy sites in Saudi Arabia, one of the world's largest oil exporters.The Nasdaq Composite declined 0.2% to 26,472.3, the S&P 500 retreated 0.3% to 7,693.4, and the Dow Jones Industrial Average dropped 1% to 52,865.6 after midday Tuesday.Energy and utilities topped gainers intraday, while healthcare, financials and consumer staples led decliners.Yemen's Tehran-backed Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported. Saudi Arabia said the attacks stopped operations at several energy facilities in the kingdom's south, Bloomberg reported while noting a pick-up in buying by China, the world's largest importer.The front-month US West Texas Intermediate crude oil contract climbed 1.7% to $93.07 per barrel, and global benchmark North Sea Brent advanced 1% to $97.99 per barrel.Gold futures fell 0.8% to $4,439.9, and silver futures declined 1.5% to $66.65.

Dow JonesNasdaq CompositeS&P 500

Japan13d ago

US Equity Futures Lower as Traders Assess Rising Oil, Canadian Retaliatory Tariffs

US equity futures were lower pre-bell Tuesday, coming off a three-day weekend as traders assessed rising oil prices and Canada's retaliatory tariffs against the US.Dow Jones Industrial Average futures were 0.8% lower, S&P 500 futures were down 0.3%, and Nasdaq futures were off 0.1%.Canadian tariffs, which were announced after trade talks with the US collapsed last month, took effect on Tuesday and range from 15% to 50%, impacting hundreds of US products, including dairy, agricultural equipment, paper, household appliances and electronics.US President Donald Trump, in a Monday post on Truth Social, called for a boycott of Canadian aerospace manufacturer Bombardier, saying "If they want our Market, they must build here, and stop treating America like a 'piggybank'". In response, the company told CNBC that its workers are based all over the US, with sites in 10 states, while its aircraft are constructed using US-made components.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $98.73 per barrel and US West Texas Intermediate crude 2.7% higher at $93.91 per barrel.The National Federation of Independent Business' monthly Small Business Optimism Index fell to a reading of 98.7 in August from 99.8 in July.

Dow JonesNasdaq CompositeS&P 500

Japan17d ago

US Equity Markets End Lower as Expectations Rise for Fed Rate Hike Amid Hot Jobs Data

US equity indexes ended lower Friday after expectations of an interest rate hike increased following an unexpected increase in non-farm payrolls.* Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey.* The probability of the Fed raising its target rate by 25 basis points to 3.75% to 4.0% in September rose to 58% from 49% a day ago, according to the CME FedWatch tool.* October West Texas Intermediate crude oil rose $0.57 to settle at $91.58 per barrel, while November Brent crude, the global benchmark, was last seen up $0.07 at $95.70.* American Outdoor Brands (AOUT) shares were up roughly 45% after the company swung to a profit and posted higher revenue for fiscal Q1 late Thursday.* Lululemon Athletica (LULU) shares were down nearly 17%, the worst performer on the S&P 500, after the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.

Dow JonesNasdaq CompositeS&P 500$AOUT$LULU

Japan17d ago

Update: US Equity Indexes Decline as September Rate-Increase Bets Jump Following Robust Jobs Report

(Updates with index/price moves from the first paragraph.)US equity indexes fell as market expectations of an interest rate increase as early as this month jumped after the economy added almost triple the jobs expected in August.The Nasdaq Composite declined 0.3% to 26,501.9, the S&P 500 retreated 0.4% to 7,716.9, and the Dow Jones Industrial Average declined 0.5% to 53,435.8 ahead of Friday's close. All sectors except industrials and technology fell. Consumer discretionary, communication services and healthcare led decliners.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000."This is the strongest pace of job expansion in five months, punctuated by also being three times greater than expected and the positive upward revisions to prior months," said Thomas Feltmate, senior economist at TD Economics. "On balance, we like the breadth and depth of this jobs report. Markets have taken note too."The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 58% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Fed to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate." Trump urged the Fed to adopt the world's "lowest rate," warning he could halt trade with countries with which the US maintains trade deficits.Most US Treasury yields rose, with the two-year up 4.5 basis points to 4.38%. The 10-year yield advanced 2.2 basis points to 4.78% in the final leg of trading.

Dow JonesNasdaq CompositeS&P 500

Japan17d ago

Update: US Equity Indexes Fall as Robust Jobs Report Lifts Odds of September Fed Rate Increase

(Updates with index/price moves, macroeconomic data and company news from the first paragraph.)US equity indexes fell after the economy added almost triple the jobs expected in August, boosting bets favoring an interest rate increase as early as this month.The Nasdaq Composite declined 0.2% to 26,540.1, the S&P 500 retreated 0.3% to 7,726.2, and the Dow Jones Industrial Average declined 0.5% to 53,421.3 after midday Friday.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate."In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 18%, the worst performer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$LULU

Japan17d ago

US Equity Futures Mostly Higher Pre-Bell as Traders Await August Employment Report

US equity futures were mostly higher pre-bell Friday as traders awaited the employment report for August for a view on how the labor market is faring.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.5% higher.Federal Reserve Governor Christopher Waller told Reuters Thursday he is leaning toward keeping interest rates steady at the central bank's September meeting if upcoming inflation data shows that price pressures are continuing to moderate. However, he added, "If inflation comes in hot, I would consider a rate hike."The EU has formally joined US-led economic sanctions on Iran. In a post on X, US Treasury Secretary Scott Bessent said, "The world is sending a clear message to the Iranian regime: We will not stop until every remaining financial lifeline has been severed."Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $94.87 per barrel and US West Texas Intermediate crude 0.8% lower at $90.53 per barrel.The unemployment rate for August, scheduled for release at 8:30 am ET, is expected to remain unchanged at 4.1%, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500

Japan18d ago

US Equity Markets End Higher as Expectations Build for Fed to Keep Rates Steady

US equity indexes ended higher Thursday in a broad-based rally amid rising expectations that the Federal Reserve will keep interest rates unchanged.* Fed Governor Christopher Waller said he would be "inclined to support" holding rates steady at the Federal Open Market Committee meeting in September if August inflation data shows progress toward the central bank's 2% goal.* The probability of the Fed raising its target rate by 25 basis points to 3.75% to 4.0% in September fell to 50.4% from 63.2% a day ago, according to the CME FedWatch tool.* Initial jobless claims last week rose to 206,000 from an upwardly revised 204,000, compared with expectations for an increase to 205,000 in a Bloomberg survey.* October West Texas Intermediate crude oil rose $0.57 to settle at $91.58 per barrel, while November Brent crude, the global benchmark, was last seen up $0.07 at $95.70.* Palantir Technologies (PLTR) and PwC expanded their alliance to help enterprises deploy AI tools across critical business operations. Palantir shares rose 7.7%, the second-biggest gain on the Nasdaq.* Ciena (CIEN) shares fell 10%, the largest decline on the S&P 500, even after the company reported better-than-expected fiscal Q3 results.

Dow JonesNasdaq CompositeS&P 500$CIEN$PLTR

Japan18d ago

Update: US Equity Indexes Rise After Treasury Yields Slump

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose as declining government bond yields helped lift investor sentiment amid a move higher in crude oil prices.The Nasdaq Composite rose 1.3% to 26,554.9, the S&P 500 climbed 1% to 7,741.6, and the Dow Jones Industrial Average advanced 1.1% to 53,666.9. All sectors except healthcare and materials rose. Communication services and consumer discretionary topped the gainers.Federal Reserve Governor Christopher Waller said he would be "inclined to support" holding rates steady at the next Federal Open Market Committee meeting in September if the August inflation print shows progress toward the central bank's 2% goal.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September slumped to 50% after midday Thursday from 63% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.Treasury yields fell, with the 10-year down 4.4 basis points to 4.75% and the two-year lower by 5.4 basis points to 4.33%.The US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate crude oil contract added 1.2% to $92.07 per barrel, and global benchmark North Sea Brent climbed 1% to $96.54 per barrel.

Dow JonesNasdaq CompositeS&P 500

Japan18d ago

US Equity Futures Mixed as Traders Monitor Bond Yields, Oil Prices

US equity futures were mixed pre-bell Thursday as traders continued to monitor bond yields and oil prices.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were unchanged, and Nasdaq futures were 0.2% lower.The US 10-year Treasury note yield lingered around 4.78%. New York Federal Reserve President John Williams told CNBC Wednesday that the recent surge in Treasury yields is the product of a strong economy, not market dysfunction. He added that he is taking a "wait-and-see" approach on a potential interest rate hike.Traders digested the latest round of earnings, with Ciena (CIEN) posting higher fiscal Q3 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.4% at $97 per barrel and US West Texas Intermediate crude 2% higher at $92.79 per barrel.The international trade in goods report for July, scheduled for release at 8:30 am ET, is expected to post a deficit widening to $90.2 billion from $73.3 billion in the prior month, according to estimates compiled by Bloomberg. The weekly jobless claims bulletin is expected to show 205,000 new unemployment claims for the week ended Aug. 29, up from 203,000 in the prior week.The Q2 nonfarm productivity report is expected to show an annual gain of 1.4%, unchanged from the prior value. Unit labor costs are projected to rise 1.3%, also unchanged from the previous value.The S&P Global purchasing managers' index composite final report for August is due at 9:45 am ET, followed by ISM's services data at 10:00 am ET.Federal Reserve Governor Christopher Waller and Cleveland President Beth Hammack are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$CIEN

Japan18d ago

Singapore Shares Remain Resilient Amid Geopolitical Uncertainty; CSC Holdings Plunges 8%

Singapore shares closed in the green on Thursday after US president Donald Trump played down the prospect of a prolonged conflict with Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,733.90 and 5,782.96 throughout the day. It ended the session at 5,747.71, up 3.60 points or 0.1% compared to Wednesday's close.On the corporate front, shares of CSC Holdings (SGX:C06) plunged over 8% at the close even though it launched two new series of digital commercial paper under its SDAX commercial paper facility program.Centurion Accommodation REIT (SGX:8C8U) closed nearly 1% lower as it secured a SG$15 million uncommitted and unsecured revolving credit facility.Meanwhile, iWOW Technology (SGX:NXR) completed an SG$9.3 million post-completion payment to the vendor for its acquisition of Roots Communications.

^STISGX:8C8USGX:C06SGX:NXR

Japan19d ago

US Equity Markets End Higher After Government Bond Yields Fall

US equity indexes ended higher Wednesday after government bond yields fell despite Iran's retaliatory attacks across the Middle East.* The additional strikes on Iran on Tuesday led to Tehran attacking Jordan, Bahrain and Kuwait even though US President Donald Trump had warned that Iran would be "hit much harder" if it retaliated to the first strikes.* ADP's monthly measure of private payrolls showed a 38,000 increase in August, below a 47,000 gain expected in a Bloomberg-compiled survey.* New orders for US factory goods rose 0.9% in July from a 0.2% decrease in June, above expectations for a 0.7% increase in a survey compiled by Bloomberg.* October West Texas Intermediate crude oil rose $0.60 to settle at $90.82 per barrel, while November Brent crude, the global benchmark, was last seen up $0.75 at $95.40.* Dell Technologies (DELL) shares rose roughly 16%, the top gainer on the S&P 500, after the company reported higher fiscal Q2 results and raised its fiscal 2027 guidance.* Palo Alto Networks (PANW) shares were down about 9.3%, the worst performer on the S&P 500 and the Nasdaq, after the cybersecurity firm's fiscal Q4 adjusted gross margin declined year over year.

Dow JonesNasdaq CompositeS&P 500$DELL$PANW

Japan19d ago

Update: US Equity Indexes Rise as Treasury Yields Slip, Crude Oil Edges Up in Final Leg of Trading

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose while government bond yields edged lower and crude oil climbed amid concern that hostilities between Washington and Tehran are taking a turn for the worse.The Nasdaq Composite rose 0.3% to 26,188.5, the S&P 500 climbed 0.4% to 7,664.6, and the Dow Jones Industrial Average advanced 0.5% to 53,015.1.All sectors, except industrials and real estate, rose. Materials and communication services topped the gainers.The additional strikes Tuesday on Iran led to Tehran attacking Jordan, Bahrain and Kuwait even though US President Donald Trump had warned that Iran would be "hit much harder" if it retaliated to the first strikes in over a month. "They will be hit again at a much harder and higher level, but it will not be the biggest attack of them all, that is waiting in the wings and, when it is over, there will be very little left of the Islamic Republic of Iran!" Trump posted on Truth Social on Tuesday.The Iran Revolutionary Guards Corps said two oil tankers exploded after hitting a mine and are now on fire, Al Jazeera, a Middle Eastern broadcaster, reported Wednesday.The front-month US West Texas Intermediate crude oil contract rose 0.5% to $90.70 per barrel, and global benchmark North Sea Brent climbed 0.7% to $95.29 per barrel. Both crude types were down by more than 0.5% earlier in the session.Most US Treasury yields slipped, albeit moderately. The 10-year yield was unchanged at 4.8%. The two-year yield slipped less than one basis point to 4.39%.Meanwhile, ADP's monthly measure of private payrolls showed a 38,000 increase in August, below a 47,000 gain expected in a Bloomberg-compiled survey, following a 46,000 increase in July. Service-providing jobs climbed 48,000, with education and health services jobs up 45,000, while manufacturing sector jobs contracted 17,000.

Dow JonesNasdaq CompositeS&P 500

Japan19d ago

Update: US Equity Indexes Rise in Midday Trading

(Updates with index/price moves, macroeconomic data, and geopolitical news from the first paragraph.)US equity indexes rose as crude oil prices and government bond yields fluctuated.The Nasdaq Composite rose 0.4% to 26,215.4, the S&P 500 climbed 0.5% to 7,667.3, and the Dow Jones Industrial Average advanced 0.4% to 52,963.7 after midday Wednesday.Iranians and their Arab neighbours feared a return of war on Wednesday after the biggest exchange of fire between Tehran and Washington since July, with US forces striking Iran's southern coast and Iran firing at American bases across the region, Reuters reported. The Iran Revolutionary Guards Corps said that two oil tankers exploded after hitting a mine and are now on fire, Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate crude oil contract added 0.6% to $90.79 per barrel, and global benchmark North Sea Brent climbed 0.9% to $95.53 per barrel. Both crude types were down by more than 0.5% earlier in the session.Most US Treasury yields traded mixed, albeit moderately. The 10-year yield edged up by less than one basis point to 4.8% after trading slightly lower earlier in the session. The two-year yield slipped less than one basis point to 4.39%.Meanwhile, ADP's monthly measure of private payrolls showed a 38,000 increase in August, below a 47,000 gain expected in a Bloomberg-compiled survey, following a 46,000 increase in July. Service-providing jobs climbed 48,000, with education and health services jobs up 45,000, while manufacturing sector jobs contracted 17,000.Dell Technologies (DELL) jumped 10%, the top gainer on the S&P 500, after the company reported higher fiscal Q2 non-GAAP adjusted earnings and revenue, and raised its fiscal 2027 guidance.

Dow JonesNasdaq CompositeS&P 500$DELL

Japan19d ago

Update: Market Chatter: British Banks Increasingly Swapping Higher-Risk Collateral for Bank of England Cash

(Updates with the Bank of England's response in the last paragraph.)British banks pledged 1.9 billion pounds worth of the Bank of England's highest-risk collateral type at a weekly auction on Aug. 18 for six-month funds, the highest amount since March 2020, a Reuters review of BoE filings showed.A Reuters analysis of the BoE's Level C collateral list showed that the British central bank accepts a range of products in categories that the European Central Bank has disallowed as acceptable loan security, including products that package up and sell future payments on homeowners' mortgages, the news report said.A BoE spokesperson told Reuters that the Indexed Long-Term Repo was designed to allow firms to use a broad range of assets as collateral while allowing the BoE to protect itself through robust risk management.The spokesperson said the BoE continually reviews its framework to ensure that it remains consistent with its risk tolerance objectives.A Bank of England spokesperson confirmed tothe response quoted by Reuters.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Japan19d ago

US Equity Futures Slightly Lower Pre-Bell as Global Bond Yields Continue Rising

US equity futures were mostly lower pre-bell Wednesday as traders observed global bond yields continuing to increase amid inflation concerns.Dow Jones Industrial Average futures were 0.1% higher, but S&P 500 futures were down 0.1%, and Nasdaq futures were off 0.3%.The US 10-year Treasury note yield reached a high of 4.814%, while borrowing costs in the UK, Germany and France also increased.US Central Command said in a post on X that US forces completed a wave of strikes against Iranian military targets on Tuesday. Iran attacked US allies Kuwait and Bahrain in response.President Donald Trump said he was not trying to force Iran back into negotiations. "I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing," Trump said in a post on Truth Social.Broadcom (AVGO) is scheduled to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.22 per share on revenue of $29.24 billion.Oil prices are lower, with front-month global benchmark North Sea Brent crude down 0.9% at $93.83 per barrel and US West Texas Intermediate crude 1.1% lower at $89.19 per barrel.The ADP employment report for August, expected at 8:15 am ET, is seen increasing to 47,000 from 44,000 in the prior month, according to estimates compiled by Bloomberg.July factory orders, due at 10 am ET, are expected to have gained 0.7%, compared with a decline of 0.3% previously. The Fed's Beige Book report will be released at 2:00 pm ET.

Dow JonesNasdaq CompositeS&P 500$AVGO

Japan19d ago

Market Chatter: British Banks Increasingly Swapping Higher-Risk Collateral for Bank of England Cash

British banks pledged 1.9 billion pounds worth of the Bank of England's highest-risk collateral type at a weekly auction on Aug. 18 for six-month funds, the highest amount since March 2020, a Reuters review of BoE filings showed.A Reuters analysis of the BoE's Level C collateral list showed that the British central bank accepts a range of products in categories that the European Central Bank has disallowed as acceptable loan security, including products that package up and sell future payments on homeowners' mortgages, the news report said.A BoE spokesperson told Reuters that the Indexed Long-Term Repo was designed to allow firms to use a broad range of assets as collateral while allowing the BoE to protect itself through robust risk management.The spokesperson said the BoE continually reviews its framework to ensure that it remains consistent with its risk tolerance objectives.BoE did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Japan20d ago

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

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.

Dow JonesNasdaq CompositeS&P 500$BG$IBKR

Japan20d ago

Update: US Equity Indexes Drop as Fresh Military Strikes on Iran Send Crude Oil Sharply Higher

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell amid soaring crude oil prices and a surge in the benchmark government bond yield to the highest in about 18 months as Iran vowed to inflict severe damage following Washington's strikes on targets in the Islamic Republic on Tuesday afternoon.The Nasdaq Composite fell 1.1% to 26,095.2, the S&P 500 retreated 0.78% to 7,628.3, and the Dow Jones Industrial Average slid 0.8% to 52,761.5 ahead of the market close.US forces began striking Islamic Revolutionary Guard Corps targets in Iran, the US Central Command said in a message on X, formerly Twitter. The strikes follow recent attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and against American service members deployed to the region. These new hostilities come as the duo traded attacks overnight into Monday, the first exchange after more than a month.Iranian media reported explosions in Bandar Abbas, Qeshm Island, Konarak, Chabahar, Jask, Sirik and Lavan, Al Jazeera, a Middle Eastern broadcaster, reported. Iran's army and the Iran Revolutionary Guards Corps promised the US would regret and face "severe punishment" for the aggression, the news report said.The front-month US West Texas Intermediate crude oil contract surged 5.6% to $90.57 per barrel, and global benchmark North Sea Brent soared 5.1% to $95.14 per barrel.Most US Treasury yields rose. The 10-year yield jumped 3.8 basis points to 4.8%, the highest since January 2025, and the two-year advanced 4.8 basis points to 4.4%.In economic news, US job openings rose to 7.271 million in July, according to the Bureau of Labor Statistics, below the 7.313 million openings expected in a survey compiled by Bloomberg, but up from the 7.182 million openings reported in June. The July level represents 4.4% of total employment, up from 4.3% in June and 4.3% a year earlier.The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September surged to 66% after midday Tuesday from 40% a day ago, according to the CME FedWatch tool. The likelihood of another increase of the same magnitude in October is almost a fifth, putting into perspective a 10% chance of the rates remaining at the current level by December.

Dow JonesNasdaq CompositeS&P 500

Japan20d ago

Update: US Equity Indexes Retreat Amid Surging Treasury Yields, Higher Crude Oil Prices

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes declined amid rising crude oil prices and a surge in the benchmark government bond yield to the highest in about 18 months as Iran's geopolitics deteriorated.The Nasdaq Composite fell 0.8% to 26,158.1, the S&P 500 retreated 0.6% to 7,641.7, and the Dow Jones Industrial Average slid 0.7% to 52,821.3 after midday Tuesday.US Secretary of the Treasury Scott Bessent said the Iran blockade is "very powerful" and "we are going to economically asphyxiate this regime," Al Jazeera, a Middle Eastern broadcaster, reported. The US will announce new sanctions on "anyone that does business with the IRGC" while the US is "tracking down the IRGC's assets," Bessent was cited as saying.In a video message shared by Iranian news agencies, Iran's Parliament Speaker Mohammad Bagher Ghalibaf said the US's naval blockade against Iran amounts to a military act and that Tehran will respond militarily if it intensifies, according to Al Jazeera. If the US's "will is that we do not export oil" from the Gulf, Ghalibaf said, "no one will be able to export oil."The front-month US West Texas Intermediate crude oil contract advanced 3.8% to $89.05 per barrel, and global benchmark North Sea Brent climbed 3.1% to $93.28 per barrel.The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September surged to 66% after midday Tuesday from 40% a day ago, according to the CME FedWatch tool. The likelihood of another increase of the same magnitude in October is almost a fifth, putting into perspective a 10% chance of the rates remaining at the current level by December.Most US Treasury yields rose. The 10-year yield rose three basis points to 4.79%, the highest level since January 2025, and the two-year advanced 3.5 basis points to 4.39%.

Dow JonesNasdaq CompositeS&P 500

Showing 41-60 of 781

Japan20d ago

Update: US Equity Indexes Drop as Fresh Military Strikes on Iran Send Crude Oil Sharply Higher

Dow JonesNasdaq CompositeS&P 500