Stocks Slip as Oil Prices Rise Amid Israel-Iran Tensions

  • 📰 SooToday
  • ⏱ Reading Time:
  • 75 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 50%
  • Publisher: 85%

Business أخبار

Stocks,Oilprices,Israel

US stocks declined Wednesday as oil prices surged on escalating tensions between Israel and Iran. Investors are awaiting Israel's response to the Iranian missile attack.

NEW YORK (AP) — U.S. stocks are slipping in early trading, and crude oil prices are continuing to rise as the world waits to see how Israel will respond to a missile attack from Iran. The S&P 500 was 0.3% lower Wednesday, a day after sliding from its record on worries about a possible widening of the fighting in the Middle East. The Dow Jones Industrial Average was down 159 points, or 0.4%, and the Nasdaq composite was off 0.3%. Oil prices rose by more than 3%. Nike sank 7.

4% after reporting revenue that fell short of analysts’ estimates and pulling its forecast for full-year results. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Wall Street pointed toward losses before markets opened and oil prices rose further amid escalating tensions between Israel and Iran in an already inflamed Middle East. Futures for the S&P 500 and the Dow Jones Industrial Average were each down about 0.1% before the bell. While Israel is not a major producer of oil, Iran is OPEC's third largest producer and the potential for a wider, sustained conflict raises the risk of disruptions to supplies by neighboring producers of crude. However, some analysts have been skeptical that the U.S. would experience massive oil shortages, since U.S. oil production is at an all-time high. Early Wednesday, U.S. crude was up $2.11, or 3%, to $71.94 per barrel. Brent crude climbed $1.96 to $75.52 per barrel. Israeli Prime Minister Benjamin Netanyahu vowed to retaliate against Iran, which he said “made a big mistake tonight and it will pay for it.” An Iranian commander threatened wider strikes on infrastructure if Israel retaliates. Nike shares tumbled 7.2% after the shoe giant posted lackluster first-quarter results, including sales that came in lower than Wall Street was expecting. Nike, which is in the middle of a CEO transition, also pulled its full-year guidance and postponed its investors day conference. Its shares are down about 22% this yea

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 8. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stock market today: Nasdaq leads stock declines while oil spikes on Iran attackUS stocks sold off on Tuesday after Iran fired over 100 ballistic missiles against Israel.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: Stocks slip as tough September start rolls onInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Nikkei Hits 3-Week Low on US Downturn Worries; Chip Stocks Slip(Bloomberg) -- Japanese equities fell, with the Nikkei 225 Stock Average hitting a three-week low as soft US labor data stoked fears of a slowdown in the...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Global Stocks Slip as China Stimulus Rally ContinuesStocks fell globally on Wednesday with China's stimulus-fueled rally being the sole bright spot. The dollar weakened while oil retreated from multi-week highs.
مصدر: globebusiness - 🏆 31. / 66 اقرأ أكثر »