19 Hrs
Source:
الاقتصادية
Wall Street adjusts after earnings surge
Today, U.S. stocks declined after a strong start that included positive earnings reports from major companies, as the markets entered a correction phase and began to take profits following the significant gains registered by the Wall Street indices. This correction was supported by a robust earnings season and expectations of an improvement in peace negotiations with Iran. Additionally, company results and the containment of fears over spending on artificial intelligence, along with progress in peace talks, contributed to a noticeable rise in oil prices, with West Texas Intermediate and Brent crude increasing between 2.75% and 3.65%. The Dow Jones Industrial Average fell by 387 points, while the S&P 500 experienced a slight decline. Conversely, the Nasdaq rose, accompanied by hints that the impact of international tensions on the markets may be diminishing, even as expectations remain high for increased uncertainty in upcoming economic data.
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