On Monday, October 7th, the U.S. markets closed lower as rising Treasury yields and concerns over the Middle East conflict’s effect on oil prices dampened sentiment. Additionally, regulatory challenges for Alphabet, Amazon, and Apple, along with uncertainty surrounding the Federal Reserve’s rate cut decisions, weighed on the market.
Investors are also bracing for Hurricane Milton and awaiting key economic data and earnings reports later this week.
Most S&P 500 sectors fell on Monday, led by consumer discretionary, utilities, and communication services, while energy gained as crude surged on Middle East supply concerns.
The Dow Jones Industrial Average was down 0.94% and closed at 41,954.24. The S&P 500 ended the day lower by 0.96% at 5,695.94, while the Nasdaq Composite fell 1.18%, finishing the session at 17,923.90.
Asian Markets Today
On Tuesday, Japan’s Nikkei 225 closed the session lower by 1.26% at 38,907.50, led by losses in the Transportation Equipment, Precision ...
