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Stocks fell Wednesday after a Chinese technology giant Tencent reported a rare profit decline. Technology and energy companies took the biggest hits following the disappointing earnings report, which stoked fears of slowing growth. The dollar rose, and Treasury yields fell.
Metals in particular are suffering as a higher dollar caused by the EM currency sell-off pushes commodity prices sharply lower.
Oil prices slid Monday after inventories at the US crude delivery hub jumped last week, adding to demand concerns.
Stocks rose Monday, with the S&P 500 approaching its January all-time high, after a wave of strong earnings reports. The dollar edged higher, and Treasury yields fell.
Oil prices rallied Monday as markets braced for the reimposition of US sanctions against Iran. Other sanctions, including those targeting Iranian crude, will resume in November.
Soybean prices jumped Tuesday on the prospect of easing trade tensions, heading for the longest streak of gains in nearly a year.
Stocks fell Monday, with the Nasdaq declining for a third-straight session, as FANG stocks remained under pressure following a wave of disappointing tech earnings. The dollar retreated against a basket of peers ahead of multiple major central bank meetings this week, and Treasury yields jumped.
Oil prices jumped Monday as reports the Organization of Petroleum Exporting Countries production hit its highest level this year failed to ease mounting supply concerns amid a war of words between the US and Iran.
Trump is reportedly thinking about making a rare move to try and lower gas prices — but history shows it might actually make things worse
As the Trump administration reportedly considers turning to emergency oil reserves, some experts see it as more of a distraction from foreign policy decisions that have been blamed for rising gas prices than a meaningful effort to address supply concerns in the energy market.
Stocks rose Wednesday as trade tensions took a backseat to a batch of stronger-than-expected earnings. The dollar and Treasury yields fell.