News Archives - Modern Money Experts

التصنيف: News

Oil Jumps 4% as AI Doubts Pull the Nasdaq Down 1.25%; Treasu...

Thursday close: Brent jumped 4.07% to $104.28 as Hormuz tanker attacks hit a wartime high and Hurricane Isaias shut 62.9% of US Gulf of Mexico oil output, while an OpenAI revenue report hit chip and AI stocks. The Nasdaq fell 1.25% and the S&P 500 0.47%, but the Dow edged up 0.10%. Treasuries rallied after a solid $22 billion 30-year auction at 5.618%, with the 10-year par yield down to 5.22%. In the Gulf, TASI fell 1.57%, Qatar 2.21% to its lowest since June 2020, and Kuwait 0.40%.

Wall Street Slips From Records as Long-Dated Yields Climb De...

Wednesday close: a strong US$39 billion 10-year auction cleared at 5.300%, yet the 30-year yield rose 2 bps to 5.66% while the 2-year fell, steepening the curve. The S&P 500 slipped 0.22% from its record to 7,801.77, the Dow fell 0.66% and the Russell 2000 1.31%, led by industrials and homebuilders. Fed minutes showed most officials see another hike by year-end. Brent settled at $100.20 and rose about 1.3% in Asia this morning. In the Gulf, Qatar fell 0.54% and TASI 0.45%, while Kuwait rose 0.16%.

S&P 500 Closes Above 7,800 for the First Time as Yields...

Tuesday close: the S&P 500 rose 0.58% to a record 7,818.93, its first close above 7,800, and the Nasdaq added 0.45% to another record as the 10-year Treasury yield eased 4 bps to 5.27% from a 2002 high. Utilities led, with Constellation Energy up 12.3% on a Google power deal. Brent settled at $100.58 and rose about 1% in Asia this morning. In the Gulf, TASI rebounded 1.05% on broad buying, Qatar slipped 0.28%, and Kuwait rose 0.18%. Fed minutes are due at 10 p.m. UAE.

Nasdaq Hits a Record as the 10-Year Yield Reaches Its Highes...

Monday close: the Nasdaq hit a record (+1.05% to 27,477.31) and the S&P 500 rose 0.66% to 7,773.95, while the 10-year Treasury yield climbed to 5.31%, its highest since 2002, as services input prices surged. Brent fell 1.89% to $100.32 on G7 reserve releases and stronger Middle East exports, and Aramco cut November prices for Asia. In the Gulf, Qatar jumped 1.08%, TASI slipped 0.25% on bank weakness, and Kuwait fell 0.59%.

Soft Jobs Data Lifts Wall Street as Fed-Hike Bets Fade; Oil ...

Friday close: a soft September jobs report (+29k) cut October Fed-hike odds and lifted Wall Street — S&P 500 +0.73% to 7,722.72, Nasdaq +1.19%, Dow +0.49% — though the 10-year yield climbed back to about 5.28%. Oil split after Europe agreed to release diesel reserves (Brent $102.25 −0.06%; WTI $91.11 −1.90%); OPEC+ kept November targets steady on Sunday. TASI rebounded 1.09% to 10,505.84; Kuwait −0.27%; Qatar −0.07%.

Wall Street Edges Higher as Yields Retreat from Multi-Decade...

Thursday close: Wall Street edged higher as the 10-year retreated from a multi-decade high near 5.34% to about 5.233% — Dow +0.04% to 50,926.56, S&P +0.19% to 7,666.45, Nasdaq +0.04%. Oil jumped (WTI $92.87 +2.71%; Dec Brent $102.31 +4.37%) on Middle East troop reports and China fuel-export halt. TASI −0.46% to 10,392.97 (below 10,400); Kuwait −0.75%; Qatar −0.57%.

Wall Street Mixed as Yields Near 5.30% Despite Cooler PCE; O...

Wall Street mixed Wednesday as cooler August PCE (3.4% y/y vs ~3.7% expected) met a 10-year near 5.30% — Dow −0.86% to 50,906.05, S&P −0.25%, Nasdaq +0.24%. Oil rebounded (WTI $90.42 +1.2%; Brent Nov $103.50 +0.9%; Dec Brent $98.03 +1.9%; Brent ~+14% on the month). TASI −0.14% to 10,440.64 (September month-low); Kuwait −0.21%; Qatar −0.67%.

Oil Slides as Saudi Red Sea Exports Resume; Wall Street Soft...

Brent settled at $102.59 (−2.6%) and WTI at $89.38 (−3.5%, first close below $90 since Aug 31) Tuesday as Saudi Red Sea/Yanbu exports resumed and ME flows recovered; Wall Street soft on a 10-year near 5.25% (Dow −0.26%, S&P −0.17%, Nasdaq −0.1%); TASI −1.17% to 10,455.64 (six-month low); Kuwait −0.53%; Qatar −1.10%.

Oil Edges Higher After Trump Rejects Iran Hormuz Plan; Wall ...

Brent settled at $105.28 (+0.9%) and WTI at $92.60 (+0.2%) Monday after Trump rejected Iran’s Hormuz plan and Qatar mediation talks pared gains; Wall Street slipped on a 10-year yield at 5.23% (Dow −0.67%, S&P −0.77%, Nasdaq −0.92%); TASI −0.96% to 10,579.18; Kuwait flat; Qatar −0.46%.