Stocks tumbled on Friday amid the uncertainty in Iran, marking the fifth consecutive week of declines. It’s the longest stretch of weekly losses in nearly four years. CBS News business contributor Javier David has more. Source link
Stocks tumbled Friday as Wall Street was headed for a fifth straight weekly decline, its longest such stretch in nearly four years. The losses come a day after U.S. markets suffered their worst drop since the Iran war began Feb. 28. The S&P 500 slumped 55 points, or 0.85%, to 6,422 in late-morning trading, while the … Read more
U.S. stocks and bonds sold off and oil continued its weeks long upward trajectory Thursday morning, as optimism faded about possible peace talks or a U.S.-Iran ceasefire. Thursday also marks 48 hours until the expiration of President Donald Trump’s 5-day pause on strikes against Iran’s power infrastructure. In a social media post, Trump appeared to … Read more
U.S. stocks rose Wednesday and global oil prices fell in yet another volatile trading session, as traders and investors were buffeted by constant headlines about the war in Iran. On Tuesday night, reports surfaced that the U.S. had sent Iran a 15-point peace plan, which sparked hopes that the Trump administration was moving to end … Read more
Stocks look set to surge in early trading on Monday after President Trump postponed an ultimatum for Iran to reopen the Strait of Hormuz, saying that the U.S. is engaged in “good and productive” negotiations with Tehran. S&P 500 and Dow Jones Industrial Average futures pointed to 1.6% gains in Monday morning trading. Before Mr. … Read more
Before you solidify your plan, make sure you know what role gold, CDs and stocks can play in protecting your retirement savings. Dragon Claws/Getty Images Retirement planning has always required a careful balance between growth and protection. But in the current economic environment — which is marked by rising prices, shifting interest rate expectations and … Read more
Gas prices rose 14% during the first week of the joint U.S.-Israel war with Iran, according to AAA. CBS News contributor J.D. Durkin joins from the New York Stock Exchange with analysis. Source link
The White House said it was also “in constant coordination with the relevant agencies on this important issue.” “President Trump and his entire energy team have had a strong game plan to keep the energy markets stable well before Operation Epic Fury began, and they will continue to review all credible options,” White House spokeswoman … 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
Energy Secretary Chris Wright said Sunday that the “period of elevated energy prices” will be temporary, “but it will not be long,” as the Iran war continued into a second week. Oil and gas prices “shouldn’t go much higher than they are here because the world is very well supplied with oil,” Wright said on … Read more