Asian shares fall as oil rises and Treasury yields climb
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
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Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
Reuters roundup of notable U.S. stock movers included Mirum Pharmaceuticals, Meta Platforms and Boeing. The note also cited gains in Nvidia, IonQ and Kodiak Sciences, and declines in Snowflake, MongoDB and Acadia Healthcare.
Reuters’ U.S. stocks-on-the-move roundup lists Royal Caribbean Cruises and Space Exploration Technologies among notable movers. The broader market fell, with the Dow, S&P 500 and Nasdaq all down by late morning EDT.
U.S. stocks traded lower midway through trading, with the Dow Jones index dropping more than 350 points on Tuesday. The Dow traded down 0.71% to 52,051.45 while the NASDAQ declined 0.67% to 26,010.20. The S&P 500 also fell, dropping, 0.42% to 7,588.35. Leading and Lagging Sectors Energy shares jumped by 1.4% on Tuesday
Leading cryptocurrencies slid after August producer prices rose 5.4% year over year, above economists’ expectations. Bitcoin dipped below $77,000 and crypto-linked stocks also weakened.
Braze reported fiscal second-quarter revenue of $227 million, up 26% year over year, and said non-GAAP operating margin improved by more than 600 basis points. It raised third-quarter and full-year revenue guidance.
Gorilla Technology Group Inc. shares fall in premarket trading after the company issues 2027 revenue guidance of $450 million to $500 million, below the $559.99 million estimate, even as first-half 2026 results top expectations.
The US S&P Global composite PMI climbed to 56 in August from 54.5 in the previous month, marking the strongest growth since April 2022.
Broadcom Inc. (NASDAQ: AVGO ) stock edged lower Tuesday, bucking a modestly higher broader market. The Nasdaq gained 0.03%, while the S&P 500 rose 0.08%. Broadcom’s decline appears to reflect profit-taking after a strong 12-month run. The stock remains well above key long-term moving averages despite Tuesday’s pullback
Dow Jones up 0.64% at open
Citigroup Inc. (NYSE: C ) will release earnings for its second quarter before the opening bell on Tuesday, July 14. Analysts expect the bank to report quarterly earnings of $2.64 per share, up from $2.04 per share in the year-ago period. The consensus estimate for Citigroup’s quarterly revenue is $23.37 billion. It rep