Stock Market today: Dow slides on geopolitical tensions, spike in Treasury yields

Investing.com -- The Dow slumped Monday, pressured by a spike in Treasury yields as geopolitical tensions and stronger-than-expected retail sales data dented expectations for interest rate cuts and overshadowed strong earnings from banking giant Goldman Sachs.Treasury yields continued to add to recent gains after retail sales grew faster than expected last month, indicating strength in the consumer, which drives the bulk of U.S.

"A third straight quarter of GDP growth over 3% should be the nail in the coffin for anyone expecting rate cuts any time soon," Jefferies said in a note.) was one of the few bright spots on the day, closed nearly 3% higher after reporting a jump in Q1 profit, fueled by a recovery in underwriting, deals and bond trading in the first quarter that lifted its earnings per share to the highest since late 2021.

But Deutsche Bank initiated coverage at buy with a $50 price target, saying Reddit has "significant opportunity to grow high-margin data licensing revenue, particularly with the Bulk Data product aimed at the large LLM players"Geopolitical tensions also gripped markets as Israel is reportedly weighing up an imminent response to an attack from Iran over the weekend, NBC reported Monday, citing an unnamed Israeli official.

United States United States Latest News, United States United States Headlines

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

Stock Market Today: S&P 500 clinches fresh record high as Treasury yields stumbleStock Market Today: S&P 500 clinches fresh record high as Treasury yields stumble
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow slumps on inflation jitters, disappointing bank earningsStock Market Today: Dow slumps on inflation jitters, disappointing bank earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow extend losing streak as rising geopolitical tensions biteStock Market Today: Dow extend losing streak as rising geopolitical tensions bite
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asia stocks rise with market focus on signs of interest rate cutAsia stocks are mostly higher, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve. Oil prices advanced while U.S. futures were mixed. The yen weakened, coming close to a 34-year low.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumpsHong Kong stocks are leading gains in Asian markets while investors evaluate economic data from South Korea and Australia. U.S. futures were lower while oil prices rose. China real estate developer Vanke’s Hong Kong-listed shares slumped 11.4% on Tuesday after the company reported last week of a notable decrease in profit and no dividend payout.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumpsHong Kong stocks are leading gains in Asian markets while investors evaluate economic data from South Korea and Australia.
Source: ksatnews - 🏆 442. / 53 Read more »