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Today’s Market Recap: U.S. Markets Retreat Amid Intensifying Middle East Conflict and Global Supply Disruptions
U.S. markets faced a broad sell-off as escalating Middle East tensions and significant energy supply disruptions from Qatar and Iraq pressured investor sentiment. While indices recovered slightly from intraday lows, the focus remains on the Strait of Hormuz blockade and soaring commodity prices.
TradingKey
38 minutes ago
Bitcoin Holds Steady As Middle East Conflict Rattles Markets
War is burning across the Middle East. Oil prices are climbing. Stock markets in Asia have taken a hit. And yet, Bitcoin is still standing above $66,000 — a fact that has caught the attention of analysts keeping a close eye on the market.NewsBTC
46 minutes ago
CIA station in Saudi Arabia struck by suspected Iranian drone, source says
WASHINGTON, March 3 (Reuters) - The Central Intelligence Agency's station at the U.S. Embassy in Saudi Arabia was hit on Monday by a suspected Iranian drone, a source familiar with the matter told Reuters on Tuesday.Reuters
52 minutes ago
Gold falls to near $5,100 as inflation fears weigh amidst Middle East conflict
Gold price (XAU/USD) faces some selling pressure near $5,100 during the early Asian session on Wednesday. The precious metal falls amid a renewed US Dollar (USD) demand and dimming prospects for US rate cuts.
Fxstreet
52 minutes ago
US President Donald Trump says will provide insurance for ships in Gulf amid Iranian attacks
US President Donald Trump said the country's navy will offer insurance to ships in the Gulf after Iran largely succeeded in shutting down the Strait of Hormuz, BBC reported on Tuesday. Trump added that the US military will accompany ships through Hormuz if necessary.Fxstreet
54 minutes ago
US FDA warns Novo again about misleading drug advertising
March 3 (Reuters) - The U.S. Food and Drug Administration has warned Novo Nordisk NOVOb.CO over a consumer ad for its blockbuster diabetes drug, Ozempic, saying the commercial makes false and misleading claims about the drug's benefits.It is the second time in less than a month that the FDA has ...Reuters
54 minutes ago
Investors, US crude producers scramble to lock in oil price spike
HOUSTON, March 3 (Reuters) - Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S. bombed Iran and Tehran retaliated.Reuters
54 minutes ago
US, China trade chiefs to meet mid-March before Trump-Xi summit, Bloomberg News reports
Top US, Chinese trade negotiators set to meet in mid-March, Bloomberg News reportsUSTR Scott Bessent, Chinese Vice Premier He Lifeng expected to meet in ParisChinese purchase commitments for Boeing, US soybeans on the agendaMeeting suggests Xi, Trump summit will go ahead in late March BEIJING, Ma...Reuters
10 hours ago
Airline stocks slide as passengers scramble to leave Middle East
Airline shares fall for second day as Iran conflict escalatesFuel hedging could offset some impact of rising oil priceMiddle Eastern airline hubs closed for fourth dayAnalysts say that bookings surge via alternative routesBy Byron Kaye, Julie Zhu and Joanna Plucinska SYDNEY/HONG KONG/LONDON, Marc...Reuters
10 hours ago
Middle East Tensions Drive Multiple Energy Small-Cap Stocks to Surge Over 100%, Shipping Concepts Follow, Market Shows Polarization
TradingKey — In US pre-market trading on March 3, energy sector stocks saw collective movement, with share prices of several related companies rallying significantly to become the primary drivers of the pre-market gainers list. Meanwhile, the three major US indices trended lower across the board.TradingKey
11 hours ago
Middle East Conflict Escalates, Trump’s “At Any Cost” Rhetoric Ignites Panic, Three Major US Index Futures Fall Over 1.5%
TradingKey - At 8:50 AM ET on March 3, pre-market US stock futures weakened across the board, while the commodities market showed significant divergence, with crude oil continuing to climb and precious metals facing short-term pressure. As conflicts in the Middle East continue to escalate, Trump’s vow to strike Iran "at all costs" has further exacerbated market panic.
Silver Loses $80, Plunges 12% Intraday; Gold Dives $100 in Short Term; Has Safe-Haven Rally Ended?
TradingKey - During Tuesday's US pre-market session (as of 6:40 AM ET), spot silver fell below $80 per ounce intraday, hitting a low of $77.9625, its lowest level since February 20. The intraday decline reached 12% at one point, and it is currently trading at $80.4 per ounce.Oil rises as expanding US-Israel war with Iran heightens supply risks
Brent, WTI gain more than $2-$3 per barrel Vessels continue avoiding Strait of Hormuz, as freight rates soar Analysts see oil prices remaining elevated over coming days By Anushree Mukherjee and Emily Chow SINGAPORE, March 3 (Reuters) - Brent rose more than $3 on Tuesday for a third day of gains ...Reuters
15 hours ago
European shares fall again as Middle East war drags on
March 3 (Reuters) - European shares extended their decline on Tuesday as the global equity selloff deepened, as investors grappled with the prospect of a drawn-out Middle East war, and a sharp jump in oil prices led to fears of a rise in the cost of living.Reuters
17 hours ago
Black Tuesday for South Korean Stocks: SK Hynix and Samsung Plunge 10% Amid Escalating US-Iran Conflict; KOSPI Records Largest Single-Day Drop in 19 Months
TradingKey - On Tuesday (March 3), South Korean chipmaker SK Hynix closed down 11.5% and Samsung Electronics fell 9.88%, dragging the broader South Korean stock market lower.TradingKey
18 hours ago
Middle East Conflict Persists, Asian Stocks Plunge on Risk Aversion, Local Markets Show Resilience
TradingKey — Asia-Pacific stock markets plummeted during the Asian trading session. The Nikkei 225 Index fell over 3.3% to 56,124, while the TOPIX Index dropped 3.3% to 3,769 points. South Korea's KOSPI Index closed down sharply by 7.2% at 5,792.2 points. The Shanghai Composite Index fell more than 1.4%, the Shenzhen Component Index dropped over 3%, and the Hang Seng Index declined by more than 1%.TradingKey
18 hours ago
