Stocks showed a lack of direction early in the session on Wednesday but came under considerable selling pressure over the course of the trading day. The major averages all showed significant moves to the downside. The major averages ended the day just off their lows of the session.
The U.S. Futures is trending lower on Wednesday after Iran launched retaliatory strikes on the U.S. bases in Kuwait, Behran and Jordan. This is in response to the US claim that it had carried out a series of strikes on Tehran's military sites for downing a helicopter. Asian shares finished mostly...
Renewed fears about tech valuations, the fresh escalation in hostilities in the Middle East as well as anxiety ahead of the upcoming CPI data release from the U.S. weighed on global market sentiment.
European stocks were subdued on Wednesday as tensions between Washington and Tehran escalated and investor attention shifted to upcoming U.S. inflation data. Iran launched attacks on U.S. bases in Jordan and Bahrain after the United States carried out its own attacks on the Islamic Republic in response...
After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Wednesday. The major averages have all moved to the downside, with the Nasdaq and the S&P 500 adding to the losses posted in the previous session. Currently, the major averages are off their worst levels of the day but still firmly negative.
After ending yesterday's volatile session mostly lower, stocks may see further downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.5 percent. Concerns about a re-escalation of the conflict in the...
Reversing yesterday's plunge, crude oil prices surged on Wednesday amid concerns about the gulf conflict intensifying further after the U.S. and Iran recommenced attacks. The Strait of Hormuz continues to remain closed, keeping supply disruption concerns alive.
Extending losses from yesterday, gold prices have plunged on Wednesday after a fresh skirmish broke out in the gulf between the U.S. and Iran, diminishing expectations of an early reopening of the Strait of Hormuz and a quicker end to the Middle East war.
The major U.S. index futures are currently pointing to early weakness on Wall Street on Wednesday, with stocks likely to see further downside after ending yesterday’s volatile session mostly lower. Concerns about a re-escalation of the conflict in the Middle East may weigh on Wall Street following the latest exchange of attacks between the U.S. and Iran. U.S. Central Command said forces completed “self-defense strikes” against Iran on Tuesday at President Donald Trump’s direction in response...
After staying fairly well above the flat line till about an hour past noon, the Switzerland market briefly fell into negative territory on Wednesday but recovered swiftly and held firm to eventually end the day's session on a strong note.
European stocks closed broadly lower on Wednesday amid lingering concerns about Middle East tensions and continued weakness in the technology sector. Also, investors digested U.S. inflation data that came in line with expectations and looked ahead to the European Central Bank's policy announcement on Thursday.
After edging higher in early trades, the UK stock market's benchmark index FTSE 100 slipped into negative territory Wednesday morning, weighed down by losses in mining and banking sectors.
French stocks shed ground Wednesday morning amid concerns about Middle East tensions following the U.S. and Iran launching strikes against each other. The mood is cautious also due to upcoming U.S. inflation data and the European Central Bank's monetary policy meeting.
The Thai stock market turned lower again on Wednesday, one day after ending the two-day slide in which it had given up more than 30 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,560-point plateau and the losses may accelerate on Thursday. The global forecast for the...
Canadian stocks moved mostly lower on Wednesday after U.S. retaliation to Iran's downing of a U.S. helicopter and Iran's counter-attacks, led investors to wind up expectations on an amicable U.S.-Iran peace deal and an early reopening of the Strait of Hormuz.
After opening notably lower and edging further down, the Canadian market recovered and moved closer to the unchanged line Wednesday morning thanks to gains in the energy sector and several stocks from financials and technology sectors finding support at lower levels.
Canadian stocks are likely to open on a negative note on Wednesday amid rising tensions in the Middle East following fresh attacks by Iran and U.S. forces. Investors will also be reacting to the Bank of Canada's monetary policy announcement, due shortly after the opening bell.
Canadian stocks ticked lower on Tuesday after a slump in the oil-linked energy sector and a plunge in the gold-linked materials sectors pulled down the market, while investors received U.S. President Donald Trump's assurances on early reopening of the Strait of Hormuz with cautious optimism.
Indian shares gave up early gains to end little changed on Wednesday as investors weighed rising U.S.-Iran tensions and awaited key U.S. inflation data later in the day for fresh insights into market expectations for future interest rates in the face of rising energy-driven inflation risks. Spot gold...
Crude oil inventories in the U.S. decreased by much more than expected in the week ended June 5th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories slumped by 7.2 million barrels last week after tumbling by 8.0 million barrels...
Gold prices plummeted below $4,200 an ounce on Wednesday as investors weighed rising U.S.-Iran tensions and awaited key U.S. inflation reading for fresh insights into market expectations for future interest rates in the face of rising energy-driven inflation risks. Spot gold tumbled nearly 2 percent...
After showing a lack of direction for much of the morning, treasuries came under pressure in afternoon trading on Wednesday. Bond prices climbed well off their worst levels going into the close but still ended the day modestly lower. Subsequently, the yield on the benchmark ten-year note, which moves...
The Treasury Department continued this week's series of announcements of the results of its long-term securities auctions on Wednesday, revealing this month's sale of $39 billion worth of ten-year notes attracted above average demand. The ten-year note auction drew a high yield of 4.538 percent and...
Kicking off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Tuesday revealed this month's auction of $58 billion worth of three-year notes attracted average demand. The three-year note auction drew a high yield of 4.192 percent and...
Treasuries moved sharply lower during trading on Friday, more than offsetting the strength seen in the previous session. Bond prices tumbled early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price...
The U.S. Dollar value ended nearly unchanged as U.S.-Iran exchange of attacks raise doubts on an early peace deal. Meanwhile, the U.S. Consumer Purchase Index for May rose to 4.20% on an annual basis indicating a persistent war-driven inflation.