Stock market today: Wall Street slips in early trading and crude oil prices rise

5% lower in the early going Wednesday. The Dow fell 69 points, and the Nasdaq composite was down 0.7%. Crude oil prices jumped sharply overnight following a deadly explosion at a hospital in the Gaza Strip, which sparked protests across the Middle East. But oil prices pared their gains as the morning progressed. Gold, meanwhile, kept rising as investors have looked for safer investments.

Within hours after a blast was said to have killed hundreds at a Gaza hospital, protesters hurled stones at Palestinian security forces in the occupied West Bank and at riot police in neighboring Jordan, venting fury at their leaders for failing to stop the carnage. A planned meeting between Arab leaders and President Joe Biden was called off. He is visiting Israel.

U.S. benchmark crude oil was up $1.60 at $87.04 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, climbed $1.56 to $91.46 per barrel. Weak global demand and the property industry remain the biggest shadows overhanging the economy in the near term, economists said.

The Nikkei 225 in Tokyo closed flat, gaining less than 2 points to 32,042.25. South Korea's Kospi added 0.1% to 2,462.60. Australia's S&P/ASX 200 advanced 0.3% to 7,077.60.Treasury yields in the bond market rose. The yield on the 10-year Treasury was at 4.84% early Wednesday.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street opens higher as some signs of worry easeNEW YORK (AP) — U.S. stocks are opening higher as some of last week’s moves driven by worries about war in the Middle East unwind. The S&P 500 was 0.4% higher early Monday. The Dow rose 220, and the Nasdaq composite rose 0.4%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street opens lower as interest rate worries resurfaceBANGKOK — Wall Street is slipping following the latest signal the U.S. economy may still be too strong for the Federal Reserve’s liking. The S&P 500 was 0.7% lower in early trading Tuesday.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts after a strong retail sales reportNEW YORK (AP) — Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking.
Source: SooToday - 🏆 8. / 85 Read more »

Wall Street gains on earnings optimism; consumer discretionary, transports jumpKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »