Wall St slips as investors weigh data, Iran tensions
Investors awaited retail results and weighed higher oil prices as the Dow, S&P 500 and Nasdaq all fell, Reuters reported.
- Wall Street's three major indexes finished lower on Tuesday as investors awaited quarterly reports from large retailers, while oil prices rose amid Iran diplomatic concerns.
- "Concerns about recent softer data have the market being a bit tepid and waiting for retail earnings for direction," said Phil Blancato, chief market strategist at Osaic Wealth, as traders await Home Depot on Tuesday and Walmart on Thursday.
- Chip sector stocks provided index boosts, with Micron Technology adding 4% and Applied Materials climbing 5.5%, though Microsoft and Meta Platforms dragged Wall Street down more than 3% as software stocks sank.
- Oil futures settled up more than $2 per barrel, while shares of Vista rallied 5.6% after Peter Thiel bought a 1% stake in the Latin American oil company.
- Investors are also monitoring Anthropic, which forecasted 2028 revenue of roughly $190 billion to $200 billion, while awaiting results due out next week from leading AI chipmaker Nvidia.
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Wall Street indexes slip as oil prices rise and retail results loom | Honolulu Star-Advertiser
Wall Street’s three major indexes finished lower today as investors waited for quarterly reports from large retailers to provide insights into consumer spending, while oil prices rose as diplomatic efforts to resolve the Iran war appeared no closer to a deal.
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Wall Street Falls as Oil Jumps on Iran War Concerns and Investors Await Retail Earnings
Major U.S. stock indexes declined Monday while oil prices climbed sharply as investors weighed stalled Iran diplomacy, softer economic data and upcoming earnings reports from ... The post Wall Street Falls as Oil Jumps on Iran War Concerns and Investors Await Retail Earnings first appeared on [your]NEWS.
Indices fell after a week of historic records, as Brent returned above $90 - The market anxiously awaits the Fed minutes and the results of major retailers
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Cryptocurrency News | Cryptocurrency Prices | Market CapWall Street indexes fall as oil prices rise amid US-Iran tensions
Investor caution amid geopolitical tensions and rising oil prices may signal broader economic volatility and supply chain challenges. The post Wall Street indexes fall as oil prices rise amid US-Iran tensions appeared first on Crypto Briefing.
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