Now Reading: US stocks fall as oil, yields and earnings weigh on investors
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US stocks fall as oil, yields and earnings weigh on investors
US stocks closed lower on Thursday as investors weighed rising oil prices, Treasury yields and mixed corporate forecasts. The Economic Times reported the Dow fell 0.83%, the S&P 500 dropped 0.18% and…
The Story in Brief
US stocks closed lower on Thursday as investors weighed rising oil prices, Treasury yields and mixed corporate forecasts. The Economic Times reported the Dow fell 0.83%, the S&P 500 dropped 0.18% and the Nasdaq declined 0.04%. Hindustan Times gave smaller declines of 0.6%, 0.2% and 0.1%, respectively. US crude settled 2.75% higher at $77.29 a barrel, while Brent rose 3.83% to $82.49, according to The Economic Times.
Western Digital and Sandisk fell after their results and forecasts disappointed investors. AppLovin and Datadog also dropped after weaker revenue expectations. About 84.8% of 382 S&P 500 companies reporting through Wednesday had beaten analyst estimates, LSEG data showed. Investors also watched a slight rise in US unemployment claims before Friday’s payrolls report and assessed developments around Iran and the Strait of Hormuz.
The Indian Opinion
The lazy story is that one day’s fall proves either an AI bubble or a market collapse. Neither follows from these figures. Earnings remain broadly strong, but expensive shares are being judged more harshly when forecasts weaken. Oil and bond yields matter because they can revive inflation and reduce the appeal of equities. The cleaner test is Friday’s US jobs report and whether the 10-year Treasury yield stays near 4.67%, rather than another headline-driven move.
Sources (2): hindustantimes.com, economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
