Dow Gains, Oil Drops
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US stock futures fell with investors on edge as Israel and Iran continued to trade strikes against a backdrop of shifting US trade policy and stubborn interest rates.
Powered by positive gains for shares of Goldman Sachs and American Express, the Dow Jones Industrial Average is climbing Monday morning. Shares of Goldman Sachs and American Express are contributing to the index's intraday rally,
The iconic Dow Jones is the worst-performing of the three major U.S. indexes this year; it is slightly in the red as of this writing. Microsoft (NASDAQ: MSFT) and Coca-Cola (NYSE: KO) are among those corporations on the Dow Jones that are breaking ranks (so to speak) with their Dow peers.
Stocks rallied on Monday on reports that Iran is seeking talk to end its war with Israel, easing fears that the conflict could spiral into a broader regional war.
Powered by positive growth for shares of American Express and Goldman Sachs, the Dow Jones Industrial Average is rallying Monday morning. Shares of American Express and Goldman Sachs are contributing around a third of the blue-chip gauge's intraday rally,
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NASDAQ gained ground amid rising demand for riskier assets. Traders bet that Israel – Iran conflict will not escalate further, and that oil export infrastructure would stay safe. In this scenario, oil prices will not rally, and Fed will not be forced to raise rates in order to fight inflation. Such a scenario is bullish for NASDAQ index.
Futures on Wall Street have declined on Tuesday morning Indian time after an uneasily positive session to start the truncated week. The Dow futures are currently down 165 points, while the S&P 500 and Nasdaq futures are down 30 and 110 points respectively.
Dow, S&P 500 and Nasdaq set for opening gains after Friday's 770-point blue-chip fall; Oil extends gain as gold slips. Follow along to the action on Monday aft
Stock futures rebounded slightly early Monday as the spike in oil prices due to the escalating conflict between Israel and Iran eased for a moment. Stock gains were muted as investors remained concerned about the rising geopolitical risk to the global economy.