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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.
Global stocks fall as oil rises, Treasury yields extend gains
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.
Gold jumps 3% as ISM services PMI rises in August
The ISM services PMI surged to 55.4 in August from 54.1 previously, above the 54.3 market estimate and its strongest pace in six months.
Norfolk Southern Stock Rises as Revenue Surge Offsets Margin Compression
Norfolk Southern Corp. (NYSE: NSC ) shares traded higher Thursday after the railroad operator reported second-quarter 2026 results that beat analyst expectations for adjusted earnings and revenue. Adjusted diluted EPS of $3.52 topped the $3.31 estimate, while railway operating revenue rose 11% year over year to a recor