Wall Street indexes slip with interest rates, Middle East in focus

Quick Summary:

WALL Street's three major indexes closed down around 1% on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve interest-rate easing and worried about the Middle East conflict's impact on oil prices.

On Monday, Lebanon's armed group Hezbollah fired rockets at Israel's city of Haifa while Israeli forces looked poised to expand ground raids into south Lebanon.

Among the S&P 500's 11 major industry indexes, only energy advanced, finishing up 0.4%.U.S.crude futures settled up 3.7% in their fifth-straight advance on concerns about Middle East supply disruptions.

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Category: EconomyBusiness

Markets: MalaysiaIsraelLebanonUnited States

Topics: Dow Jones Nasdaq Commodities Wall Street /Business/Business News Markets NYSE Dollar Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 08:39:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 726 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22942776

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