US stocks slip as earnings floodgates open: Stock market news today

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All eyes are on Goldman Sachs and Bank of America earnings for insight into the impact of high interest rates.

Stocks slipped at the open on Tuesday, as investors weighed the first in a flood of earnings and eyed the prospects for a US breakthrough in the Israel-Hamas conflict.Read more: What a Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards

Meanwhile, the Middle East conflict still weighed on the market as investors assessed the chances of it breaking out into a wider war. Theon Wednesday and then travel to Jordan has eased some worries driven by a looming Israeli ground offensive on Gaza, seen as a red line for its Arab neighbors.as the US intensified its diplomatic efforts and as hopes grew that the US will ease sanctions on producer Venezuela.

WASHINGTON -The Biden administration said on Tuesday it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of a suite of measures aimed at stopping Beijing from getting cutting-edge U.S. technologies to strengthen its military.

 

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