financetom
Market
financetom
/
Market
/
US Equities Markets End Lower Monday as Middle East Uncertainty Persists
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equities Markets End Lower Monday as Middle East Uncertainty Persists
Oct 7, 2024 8:57 PM

04:00 PM EDT, 10/07/2024 (MT Newswires) -- US benchmark equity indexes ended lower Monday amid persistent uncertainty around the geopolitical situation in the Middle East.

* Official data are likely to show Thursday that US consumer inflation rose 0.1% sequentially and 2.3% annually last month, according to a Bloomberg-compiled consensus.

* Consumer credit usage rose by $8.9 billion in August, a smaller increase than a $12 billion gain expected in a survey compiled by Bloomberg following a $26.7 billion jump in July. Both revolving and nonrevolving credit use rose in the month.

* November West Texas Intermediate crude oil closed up $2.76 to settle at $77.14 per barrel, while December Brent crude, the global benchmark, was last seen up $2.55 to $77.14, climbing for a fifth-straight session on expectations Israel is readying to retaliate against Iran following last week's missile attack on the country, heightening anxiety over a wider Middle Eastern war that could threaten Persian Gulf supplies.

* Super Micro Computer ( SMCI ) shares jumped nearly 16% after the company said it recently deployed more than 100,000 graphics processing units in one quarter.

* Deckers Outdoor ( DECK ) shares were down 4.7% as Seaport Global downgraded the stock to neutral from buy.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stock Market Today: Stocks Fall After Hawkish Fed Minutes
Stock Market Today: Stocks Fall After Hawkish Fed Minutes
May 22, 2024
Stocks were slow to get off the mat Wednesday as market participants sifted through several earnings reports from major retailers and looked ahead to tonight's quarterly results from AI giant Nvidia ( NVDA ) .  Not helping matters was a hawkish tone in the minutes from the Federal Reserve's May policy meeting, which kept pressure on stocks through the close....
Fed Meeting Minutes Drag Equity Markets
Fed Meeting Minutes Drag Equity Markets
May 22, 2024
04:35 PM EDT, 05/22/2024 (MT Newswires) -- US benchmark equity indexes fell Wednesday after minutes from the Federal Reserve's May policy meeting indicated concerns among participants regarding a lack of progress on their inflation target. The Dow Jones Industrial Average slipped 0.5% to 39,671. The S&P 500 dropped 0.3% to 5,307, while the Nasdaq Composite lost 0.2% to 16,801.5, both...
Fed Meeting Minutes Drag Equity Markets Lower
Fed Meeting Minutes Drag Equity Markets Lower
May 22, 2024
05:18 PM EDT, 05/22/2024 (MT Newswires) -- US benchmark equity indexes fell Wednesday after minutes from the Federal Reserve's May policy meeting indicated concerns among participants regarding a lack of progress on their inflation target. The Dow Jones Industrial Average fell 0.5% to 39,671. The S&P 500 dropped 0.3% to 5,307, while the Nasdaq Composite lost 0.2% to 16,801.5, both...
US STOCKS-Stocks fall after Fed minutes; Nvidia shares climb after the bell
US STOCKS-Stocks fall after Fed minutes; Nvidia shares climb after the bell
May 22, 2024
* Nvidia ( NVDA ) shares fall ahead of results; stock gains after the bell * Minutes show fed officials hopeful for cooling inflation * Target ( TGT ) shares lower after weak results * Indexes off: Dow 0.51%, S&P 0.27%, Nasdaq 0.18% (Updates to 5:20 p.m. ET) By Chuck Mikolajczak NEW YORK, May 22 (Reuters) - U.S. stocks fell...
Copyright 2023-2024 - www.financetom.com All Rights Reserved