10-9
OpenAI $20 billion revenue shortfall drags on Nasdaq as S&P 500 slips 0.5%
U.S. stocks finished mixed Thursday, with the S&P 500 down 0.5% at 7,765 and the Nasdaq Composite falling 1.3% to 27,193 as tech shares slid on concerns tied to an OpenAI revenue gap. The Dow Jones Industrial Average edged up 0.1% to 51,231. Treasury yields moved lower, with the 2-year at 4.753%, the 10-year at 5.227% and the 30-year ending at 5.602% after touching a 24-year intraday high. WTI crude rose 3.6% to $91.49 a barrel amid media reports about potential U.S. military operations against Iran.
10-9
9-29
U.S. stocks slide as Trump rejects Iran Strait of Hormuz proposal; WTI settles at $93.16
Middle East tensions weighed on risk sentiment as the U.S.-Iran standoff persisted, after President Donald Trump said Iran’s proposal was unacceptable. Front-month WTI crude futures rose 0.8% to $93.16 a barrel. Treasury yields climbed across the curve, with the 2-year yield hitting a 52-week high. U.S. stocks closed lower, with the Dow down 0.7%, the S&P 500 down 0.8%, and the Nasdaq down 0.9%.
9-29
9-9
Dow slides 628 points as hotter August jobs data lifts Treasury yields and rate-hike bets
The Dow Jones Industrial Average fell 628 points after an unexpectedly strong August jobs report pushed U.S. Treasury yields higher and raised expectations of a September rate hike. Yields on the 2-year, 10-year and 30-year Treasuries all edged up. WTI crude futures climbed 2.4% to $93.65 a barrel on reports of war-related damage to energy infrastructure near the Strait of Hormuz, while Brent briefly neared $100.
9-9
8-27
U.S. stocks hold near flat as investors await Nvidia earnings and July PCE data
Major U.S. stock indexes traded in a narrow range on Wednesday as investors waited for Nvidia’s earnings report. The Fed’s preferred inflation gauge, the July PCE price index, rose 0.2% month over month and 3.7% year over year, slightly above expectations, while core PCE matched forecasts. Rate futures continued to imply about a 60% chance the Federal Reserve keeps rates unchanged next month, according to CME Group’s FedWatch.
8-27
8-4
U.S. stocks rally after Trump cancels planned Iran strikes; Dow ends at record 53,178
U.S. stocks surged as markets reacted to expectations of a shift in Trump’s policy stance. The Dow closed at a record 53,178, while the S&P 500 rose 1.5% to 7,600 and the Nasdaq gained 2.1%. WTI crude futures fell more than 6% to $79.49 a barrel and Treasury yields declined across maturities. Boeing shares rose nearly 5% after its second-quarter results pointed to improving earnings and cash flow, and 77% of companies have beaten expectations.
8-4