Guoabong Investment:Stock Market TODAY: Oil PriceS Jump Again On Worries About the Middle East As Wall Street Fades
NEW YORK (AP) — Crude prices jumped Thursday on worries that could disrupt the global flow of oil, while U.S. stocks pulled back further from their records.
The S & P 500 fell 0.2% Amid a that ’s Knocked the Index off its all-time high set on monday. The double jones indullary average fell 184 points, or 0.4%, and the na. SDAQ Composite EDGED DOWN BY LESS THAN 0.1%.
Stocks Sank as Oil PriceS Kept Rising AMID The to See How Israel Will Will from Tuesday. A Barrel of Brent Crude, The International Standard, Leaped 5% to Selean Atle 77. 62 After starting the wek below $ 72Guoabong Investment. It's Potentially On Track for its BigGest Weekly PercentageGain in Nearly Two Years.Simla Stock
Oil Price AFTER PRESIDENT JOE BIDEN SUGGGEDED on Thursday That U.S. and Israeli Office Discussing A Possible By Israel Against Iranian Oil Ilities.
"We’e in discussion of that," Biden Said to reporters. He Added, "I think that would be a little -anyway," without finishing the thought. n’TE Expect Israel to Retaliate Immediaately Against Iran.
IRAN is a Major Producer of Oil, and A WORRY is that A Broadning of the Fighting Could Not only Choke OFF IRAN's Flows But All NEIGHBORIE s that are integral to the flow of crude. Helping to keep prices in Check, Thought,Are Signals that Supplies of Oil Remple at the Moment. Brent Crude Fell to its lowEest Price in Nearly Three Years Last Month.
In the bond Market, Treasury Yields Rose after Reports Suggetested The U.S. Economy Remains Solid. One Showed Growth for Real Estate, Health Care and Other U.S. SERV. ICES businesses accelerated to my Strongest Pace Since February 2023 and Topped Economist 'Expectations, Though Emplayment Trends MAY BeSlowing.
A seleate report suggetten the number of layoffs across the united States Slightly more worker workers filed for UNEMPLEMENTLEKITS LAST Week, but the number Low compared with him.
Outside of this week's worries about the middle easy, the dominant question haanging over all street has when the job market will constinue to hold up after the EDERAL Reserve Earlier Kept Interest Rates at a Two-Decade High.Stamp out.
Stocks Are Near their Records Because of Hopes The U.S. Economy Will Inded, now that the feedral reserve is to give it more juice. In Interest Rate for the First Time in More than Four Years and Indicated More Cuts Will ArriveThrough next year.
China is also talking about more aid for its economy, and "when the top policymakers in the world's two largest eConomies are determine, YS to Listen, "According to Evan Brown, Head of Multi-Asset Strates at Ubs AssetManagement. He Suggests Not UndeRestimating Policy Makers' Resolve to Cut Office.
The job market core help, as u.sPune Stock. hiring has ben slowing. The U.S. Government Will Release the Latest Monthly Update on the Jobs Market On Friday ISTS Expect it to show hiring Slowed Slightly from August ’s PACE.
On Wall Street, Levi Strauss Dropped 7.7% Despite Reporting Better Profit for the Latest Quarter than Analysts Expected. The Denim Company's Revenue Fell Short OF FO Recasts, and it said it's considering what to do with its document, whose revenue fell 7% Last QuarterThen, then
NVIDIA HELPD CUSHION The Losses, and The 3.3% Gain for the Chip Company was the Strongest Force Pushing up on the S & P 500Chennai Stock. s that its price shopping too high in Wall Street's Frenzy Artificial-Intelligence Technology, NVIDIAhave climbing back toward its record.
All told, The S & P 500 Slipped 9.60 POINTS TO 5,699.94. The download 184.93 to 42,011.59, and the nasdaq composite slipped 6.618.48.
The Yield on the 10-Year Treasury Rose to 3.85% from 3.78% Late Wedness. The two-year yield, Which Moves More Closely with Expectations ith overnight rate, rose to 3.70% from 3.64%.
Yields have ben randers traders parets for how much the feedral reserve will cut intertes by my Next means. After many we earlier Casting Another Deeper-Than-USual Cut of Half A Percentage Point, Traders are now beting ona 65% CHANCE The Fed Will Cut by Just A Quarter of a Percentage Point, accounting to data from cme group.
In Stock Markets Abroad, JAPAN ’s Nikkei 225 Jumped 2% As ITS Sharp Swings Continue Amid Speculation About When The Country’ s Central Bank Interest Rates Next.
Hong Kong's Hang Seng has also ben swerving, and it is gave back 1.5%. Stocks in China Have Largely Been Surging on Hopes for a Flurry of THE WORLD's SECOND- Larget economy. With safehai and Other Markets in China Closed for a WeeklongHoliday, Trading Has Crowded Into Hong Kong.
AP Business Writers Matt OTT OTT and Elaine Kurtenbach Contributed.
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Published on:2024-10-28,Unless otherwise specified,
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