Stocks slip as earnings ramp up, yields rise amid Mideast developments: Stock market news today

Stocks fell on Wednesday, as a tightening in Middle East tensions was reflected in a jump in oil prices and investors digestedRising fuel prices give investors another inflation factor to consider as they weigh the Federal Reserve's next move in interest rates.

Citi moved its 12-month price target down to $575 from $630 on the news but maintained a Buy rating on the chipmaker, citing"secular AI growth which remains in early innings."Morgan Stanley stock is down more than 6% after the company reported shrinking profits during its quarterly earnings release before the opening bell on Wednesday.

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