Wall Street recovers from Fri.'s shock
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U.S. stocks are falling following signals that one of the economy’s main engines, spending by households, is weakening while Israel’s conflict with Iran may be worsening. The S&P 500 was 0.3% lower in early trading Tuesday.
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InvestorsHub on MSNDow Jones, S&P, Nasdaq, Renewed Israel-Iran Concerns May Lead To Pullback On Wall StreetThe major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside following the rebound seen in the previous session.
President Trump's trade policies keep grabbing the spotlight, along with the Israel-Iran conflict. Follow along for the latest updates on markets, including the Dow industrials, S&P 500 and Nasdaq Composite.
The S&P 500 was 0.4% lower in late trading and on track for its first drop in four days. The Dow Jones Industrial Average was down 45 points, or 0.1%, with roughly an hour remaining in trading, and the Nasdaq composite was 0.6% lower.
Oracle pushed upward on the market after jumping 13.3%. The tech giant delivered stronger profit and revenue for the latest quarter than analysts expected, and CEO Safra Catz said it expects revenue growth “will be dramatically higher” in its upcoming fiscal year.
Stocks moved sharply higher Monday morning, recovering from steep losses the previous session, as investors keep close tans on the latest developments in the ongoing conflict between Israel and Iran.
Monday’s bullish push has pared back some of last week’s late losses, pushing the Dow Jones Industrial Average back above 42,500. However, the major equity index remains embroiled in a consolidation zone that has plagued the Dow since mid-May.
Wall Street’s big recent rally lost some momentum following a pair of potentially discouraging reports on the economy.