Stocks drop as Middle East tensions, Treasury yields weigh

NEW YORK -U.S. stocks closed sharply lower on Monday, as an early lift from a strong retail sales report gave way to a jump in Treasury yields and concerns about rising geopolitical tensions between Iran and Israel.coming off its biggest one-day percentage drop since Jan. 31 in the prior session, stocks opened higher in part after data showed retail sales increased by more than expected in March.

"You saw a little bit of a bounce this morning because maybe people thought 'OK it sold off on Friday' in anticipation of something really bad happening in the Middle East," said Ken Polcari, managing partner at Kace Capital Advisors in Boca Raton, Florida. Israel faced growing pressure from allies to show restraint and avoid an escalation of conflict in the Middle East as it considered how to respond to Iran's weekend missile and drone attack, launched after a suspected Israeli attack on its embassy.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Asia Stocks Pull Back Amid Middle East TensionsAsia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateAsia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets. U.S. futures rose and oil prices fell. The retreat in Asia on Monday following a mixed start to earnings reporting season that took the S&P 500 down 1.5% on Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateAsia stocks are mostly lower as worries about potentially escalating tensions in the Middle East rattle financial markets.
Source: ksatnews - 🏆 442. / 53 Read more »