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Dow claims record closing high, S&P 500 advances; chip selloff weighs on Nasdaq
Dow Jones hits a record closing high while Broadcom's revenue miss triggers a chip selloff that pulls Nasdaq lower amid hopes for Iran war resolution.
US weekly jobless claims fall amid labor market resilience
Initial claims for unemployment benefits in the U.S. fell to 209,000, signaling labor market resilience despite inflation concerns and geopolitical tensions.
US mortgage rates rise to 6.56%, MBA says
The average 30-year fixed-rate mortgage in the U.S. rose to 6.56%, driven by inflation fears and higher oil prices amid geopolitical tensions.
Stocks mostly ease with tech shares while oil prices settle higher
Stocks mostly eased with tech shares falling while oil prices climbed due to supply concerns from the Iran war, impacting global markets and treasury yields.
Oil prices rise 3% to two-week high on Iran war supply concerns
Oil prices rose about 3% to a two-week high amid concerns over supply disruptions from the Iran war and U.S. sanctions waivers during talks.
Trump says federal gasoline tax to be reduced ’till it’s appropriate’
President Donald Trump plans to reduce the 18-cent federal gasoline tax as U.S. fuel prices rise due to the Iran war, pending congressional approval.
Strong US jobs data complicates any Warsh push for lower rates
Strong U.S. jobs data in April challenges Federal Reserve nominee Kevin Warsh's hopes for rate cuts amid inflation and geopolitical risks.
Spirit Airlines shuts down, industry’s first Iran war casualty
Spirit Airlines shut down after failing to secure bailout amid jet fuel price surge linked to the Iran war, impacting thousands of U.S. jobs and flights.
Annual US inflation posts biggest gain in nearly 3 years in March
U.S. inflation accelerated in March with a 3.5% annual rise, driven by gasoline price surges amid the Iran war, impacting Federal Reserve rate outlook.
Oil prices climb 3% after Trump says he does not want to extend Iran ceasefire
Oil prices climbed about 3% after President Donald Trump said he does not want to extend the Iran ceasefire, raising tensions and impacting global markets.
US homebuilders brace for another challenging year as war, tariffs hurt margins
U.S. homebuilders face margin challenges due to tariffs, the Iran war, and rising inflation, impacting sales and construction costs.
JPMorgan’s Dimon warns Iran war may drive inflation and interest rates higher
JPMorgan CEO Jamie Dimon warns the iran war risks oil shocks that could keep inflation sticky and push interest rates higher than expected.
