Nasdaq edges green, S&P 500, Dow slip
Feb Existing Home Sales 4.09M vs 3.89M estimate
Euro STOXX 600 index rallies >1%
Dollar dips; U.s. crude slides ~8%; bitcoin, gold both up >1%
US 10-Year Treasury yield edges down to ~4.12%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
WALL STREET INDEXES MIXED IN CHOPPY MORNING TRADE WHILE OIL TUMBLES
Wall Street's major equity indexes are all slightly lower early on Tuesday after a choppy first half hour of trading, while oil prices are down more than 7% as investors appear unsure whether or not to lean into hopes for a resolution to the Middle East war following U.S. President Donald Trump's comments.
U.S. equity indexes and oil had staged dramatic reversals on Monday with stocks turning higher and oil skidding lower after it reached its highest point since 2022 earlier in the day. Then late on Monday, Trump had threatened to escalate the war against Iran even as he predicted a quick end.
Hundreds of people have been killed across the Middle East since the U.S. and Israel attacked Iran on February 28, with Gulf states that host U.S. military bases and personnel as well as Lebanon quickly drawn into the conflict.
On Tuesday, Israel's foreign minister declined to say how long it expects the war to continue while saying that the country is not looking for an endless war.
So far in the session, the Nasdaq .IXIC, up around 0.1%, is making the best effort at an advance with its biggest boosts from chip stocks .SOX including Nvidia NVDA.O. Meta Platforms META.O is higher after a mixed batch of reports about the social media company.
Meanwhile Citigroup C.N raised its global artificial intelligence capital expenditure and revenue forecasts for 2026 to 2030, citing faster enterprise demand and adoption.
Nearly all S&P 500 .SPX industry sectors are red. Financials .SPSY, down around 0.6%, is the weakest group. Materials .SPLRCM, up about 0.2%, is the sole gainer.
One of the Communication Services .SPLRCL sector's biggest percentage gainers is TKO Group TKO.N after the owner of Ultimate Fighting Championship and World Wrestling Entertainment announced a $1 billion share buyback program including an $800 million accelerated share repurchase.
Here is your morning snapshot:
(Sinéad Carew)
*****
EARLIER OF LIVE MARKETS:
NASDAQ BULLS POINT TO STRONG BOUNCE OFF THE 200-DMA CLICK HERE
MIDDLE EAST WAR COULD THREATEN INDIAN COMEBACK, ABERDEEN SAYS CLICK HERE
TURBULENCE FOR EUROPE'S AIRLINES, BUT SOME MAY SEE SHORT-TERM BENEFITS - JPM CLICK HERE
BUILD PORTFOLIOS FOR PEACE AND WAR, SAYS KAIROS STRATEGIST CLICK HERE
COUNTER‑ORDER: SELL OIL, BUY EVERYTHING ELSE! CLICK HERE
EUROPE BEFORE THE BELL: FUTURES RALLY AS CRUDE OIL DROPS CLICK HERE
TRUMP SAYS WAR IS 'VERY COMPLETE' - IRAN HAS OTHER IDEAS CLICK HERE
Wall Street indexes dip https://fingfx.thomsonreuters.com/gfx/mkt/zdvxgdbaapx/Pasted%20image%201773151913278.png
( )
