Wall Street opens lower as oil spikes after Trump rejects Iran peace proposal
Dow fell 180.1 points, or 0.35%, at the open; S&P 500 down 21.7 points, Nasdaq down 133.0 points.
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Dow fell 180.1 points, or 0.35%, at the open; S&P 500 down 21.7 points, Nasdaq down 133.0 points.
Wall Street opened lower on Monday after President Donald Trump rejected an Iranian proposal to end the conflict, leading to a spike in crude prices, which revived inflation worries and drove Treasury yields higher.The Dow Jones Industrial Average DJ:DJI fell 180.1 points, or 0.35%, at the open to…
Dow, S&P 500 and Nasdaq 100 E-minis were down before the open, while crude rose about 2%-3% and Treasury yields climbed. Nvidia rose after announcing a $150 billion share repurchase authorization; PCE inflation and payrolls are due this week.
By Johann M Cherian and Tharuniyaa LakshmiWall Street was set to open lower on Monday after President Donald Trump rejected an Iranian proposal to end the conflict, leading to a spike in crude prices that rekindled inflation concerns and drove Treasury yields higher.Offsetting broader market gloom…
Dow E-minis were down 0.48%, S&P 500 futures 0.45% and Nasdaq 100 futures 0.86% at 07:17 a.m. ET. Crude jumped 4% to around $108 a barrel as investors weighed the conflict and its inflation impact.
Dow, S&P 500 and Nasdaq 100 futures fell after President Donald Trump rejected an Iranian proposal to end the conflict. Crude jumped about 3% and longer-dated Treasury yields hit fresh multi-decade highs.