Stocks tumbled in early trading on Wednesday after President Trump said the ceasefire with Iran is “over” and that it is “a waste of time dealing with them.” Oil prices jumped 6% on concerns that a re-escalation of hostilities would jeopardize the flow of oil through the Strait of Hormuz. Mr. Trump’s remarks come after … Read more
Stocks are poised to tumble when U.S. financial markets open on Wednesday after President Trump said the ceasefire with Iran is “over” and declared it “a waste of time dealing with them.” Oil prices jumped 6% on concerns that a re-escalation of hostilities would jeopardize the flow of oil through the Strait of Hormuz. Mr. … Read more
U.S. stocks tumbled in early trading on Monday after oil prices topped $100 a barrel over the weekend and the war in Iran showed no signs of abating. The S&P 500 slid 88 points, or 1.3%, to 6,652 in early trading, while the Dow Jones Industrial Average plunged 632 points, or 1.3%, to 46,870. The … Read more
Stocks slid on Friday as higher-than-expected inflation data and mounting fears about artificial intelligence’s economic impact weighed on investors. The S&P 500 fell 30 points, or 0.4%, to close at 6,879, while the Dow Jones Industrial Average tumbled 521 points, or 1.1%. The tech-heavy Nasdaq Composite sank 0.9% on the day. The losses followed the … Read more