Wall Street trims losses after Hormuz reopening talks resurface
8 Articles
8 Articles
Rumors about a new attempt to resolve the conflict between the US and Iran were received with moderate enthusiasm on Wall Street. Some of the losses were wiped out, but the Dow Jones closed lower for the third day in a row. The Brent crude price did not really react either. Rising US Treasury yields continue to weigh heavily on investor sentiment. Stock traders continue to count on the Fed opting for another interest rate hike as early as Octobe…
Investors were pressured by a sharp rise in oil prices and bond yields, while hope was boosted by news of possible progress in US-Iranian talks.
A new rise in government bonds put pressure on US stocks from the start of Thursday's trading, before renewed hope for a deal to reopen the Strait of Hormuz helped the mood a little.
Wall Street ended today's session with sharp fluctuations, as investors were faced with rising oil prices and soaring US bond yields, as well as more "tough" messages from the Federal Reserve regarding the path of interest rates. The main stock market indices started the session with significant losses, but then managed to limit their decline, following information that the US and Iran are considering a plan to end the conflict, although it seem…
New hopes for a reopening of the Strait of Hormuz caused the New York stock markets to recover slightly before closing. The broad-based S&P 500 and the tech-heavy Nasdaq Composite closed just below and just above zero, respectively, while the Dow Jones Industrial Average ended down 0.3 percent. The downward pressure eased somewhat after Reuters published source information that US and Iranian negotiators on site in New York are reviewing a possi…
Stocks fell on Thursday as rising yields tempered any optimism following a report of a possible deal between the US and Iran to open the Strait of Hormuz.
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