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U.S. Stocks End Mixed as Iran Strikes Lift Oil, Drag Tech; Dow Holds Gain
  • S&P 500 closed down 0.45% at 7,504 and the Nasdaq Composite fell 1.16% to 25,819 on Tuesday, while the Dow Jones Industrial Average held onto earlier gains amid renewed Middle East tensions.
  • The selloff in megacap tech echoed Samsung's global chip rout (see BotNews #175), while Brent crude jumped more than 3% to roughly $76.14/bbl and WTI rose to about $72.40 after the U.S. launched strikes on Iran and revoked its oil-sales license (see BotNews #180).
  • The WSJ Dollar Index rose 0.15% to 97.40, its largest one-day gain since July 1, as traders pushed back rate-cut bets on energy-driven inflation risk (H.15 release: 10-year Treasury 4.48%, 2-year 4.13%).
about 1 month ago