Dow Jones, S&P 500, Nasdaq: Bessent does not move US stock exchanges – Confidence ahead of Nvidia figures
The words of the US Treasury Secretary largely fell on deaf ears on Wall Street, with the only notable change being a significant drop in oil prices. Investors' attention is focused elsewhere.
US stock markets barely reacted to comments from US Treasury Secretary Scott Bessent regarding new sanctions on Iran. Instead, tech stocks took center stage, with the Dow Jones slightly higher at 53,510 points, S&P 500 up 0.4% to 7,684 points, and Nasdaq gaining 0.7% to 26,165 points. Nvidia is in focus ahead of its earnings report, seen as a key indicator of the AI boom, with its stock and those of Micron and Broadcom rising.
Oil prices fell, with Brent crude down 3.5% to $88.80 per barrel and WTI down 3% to $82.40 per barrel. Dick's Sporting Goods shares plummeted over 20% after a profit warning, dragging down other sportswear stocks like Nike and Under Armour.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
