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US markets end mixed amid US-Iran diplomatic reports
US stock markets experienced a volatile session, with major indices ending near flat. The S&P 500 saw a marginal decline of 0.02 percent, while the Nasdaq edged up 0.01 percent and the Dow Jones fell 0.31 percent.
Market movement was heavily influenced by geopolitical developments in the Middle East. Reports indicated that US and Iranian negotiators are exploring a phased path to end the conflict, which could involve reopening the Strait of Hormuz and lifting the US economic blockade of Iran. These reports helped stabilize oil prices after Brent crude spiked toward $107 per barrel following a Houthi missile attack on Saudi Arabia.
Financial markets also reacted to rising Treasury yields, with the 30-year yield reaching its highest level since 2004. In corporate news, Meta Platforms shares rose 4.5 percent following the launch of a new AI-related gadget, while Oracle shares fell 3.5 percent after invoking force majeure for a data center project in New Mexico. Additionally, MGM Resorts shares dropped 11 percent after Barry Diller’s People conglomerate withdrew its buyout bid.
Entities
Federal Reserve · MGM Resorts · Meta Platforms · Oracle · Strait of Hormuz · United States · Wall Street
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] The Dow Jones Industrial Average closed down 0.31 percent on Thursday. www.privataaffarer.se · businessnewsweek.in · www.businesstimes.com.sg · businessnewsthisweek.com · www.capital.gr · +1 more
- [● 6 SOURCES] The S&P 500 ended the session with a marginal decline of 0.02 percent. www.privataaffarer.se · businessnewsweek.in · www.businesstimes.com.sg · businessnewsthisweek.com · www.capital.gr · +1 more
- [● 4 SOURCES] US and Iranian negotiators are exploring a phased path to end the conflict, which could include reopening the Strait of Hormuz and lifting the US economic blockade. www.privataaffarer.se · www.businesstimes.com.sg · www.capital.gr · www.finanzen.ch
- [● 3 SOURCES] Meta Platforms shares rose 4.5 percent following the unveiling of a handheld gadget for its AI assistant. www.privataaffarer.se · www.businesstimes.com.sg · www.capital.gr
- [● 2 SOURCES] Brent crude prices rose by more than 3 percent, approaching $107 per barrel following a Houthi missile attack on Saudi Arabia. www.businesstimes.com.sg · www.capital.gr
- [○ 1 SOURCE] MGM Resorts shares dropped 11 percent after Barry Diller’s People conglomerate withdrew its buyout bid. www.privataaffarer.se
- [● 2 SOURCES] The US 30-year Treasury bond yield reached its highest level since 2004. www.privataaffarer.se · www.businesstimes.com.sg
- [● 2 SOURCES] Oracle invoked force majeure for a New Mexico data center project to potentially delay payments if it is not operational by 2028. www.privataaffarer.se · www.businesstimes.com.sg