20 Hrs
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الاقتصادية
Wall Street dips ahead of retail results
On Monday, the main Wall Street indices declined as investors awaited the earnings reports of major companies in the retail sector to assess the strength of the American consumer. Uncertainty persists regarding developments in the Iran war. Oil prices rose by more than 2% due to fears of a deterioration in global supplies, amid escalating tensions resulting from the failure of diplomatic efforts to end the US-Iran conflict. The market remains cautious, influenced by weak retail sales and employment data for July, with attention also on upcoming earnings from companies like Walmart and Home Depot, set to be released in the coming days. The Dow Jones Industrial Average fell by 0.49%, the S&P 500 declined by 0.37%, and the Nasdaq dipped by 0.31%, amid pressure from the services sector and artificial intelligence, as investors await the anticipated results of Nvidia next week.
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