Wall Street Dips as Oil and Yen Gain on Middle East
U.S. stocks fell on Tuesday as attacks on Saudi energy facilities pushed oil near $100 a barrel. Meanwhile, the yen rallied sharply amid a broader unwinding of carry trades and mounting expectations of global interest rate hikes.
Xurve View
Insights:
Xurve View
United States equities fell during Tuesday morning trading as energy facility attacks pushed crude near $100 a barrel. The Dow Jones Industrial Average dropped 1.21% in the opening hour, while the S&P 500 fell 0.49%. Middle East supply risks drove Brent Crude Oil up 1.32% to $98.28 per barrel.
