+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Stocks go nowhere as Trump pulls the US out of the Iran deal

May 9, 2018, 01:49 IST

Iranian-made Emad missile is displayed during a ceremony marking the 37th anniversary of the Islamic Revolution, in Tehran February 11, 2016.Reuters

Advertisement

Stocks closed mixed Tuesday after the US withdrew from the Iran nuclear deal. Disappointing earnings reports weighed on indexes, with Henry Schein and Dish losing more than 6% and 12%, respectively.

Here's the scoreboard:

Dow Jones Industrial Average: 24,360.21 +2.89 (+0.01%)

S&P 500: 2,668.14 −4.49 (-0.17%)

Advertisement

AUD/USD: 0.7451 -0.0059 (-0.79%)

ASX 200 SPI futures: 6,088.5 +6.50 (+0.11%)

  1. President Donald Trump said the US will withdraw from the Iran nuclear deal. Oil prices, which fell sharply earlier in the day, pared losses following the announcement.
  2. US Secretary of State Mike Pompeo is en route to North Korea. Some experts worry volatility that has surrounded the Iran deal could undermine talks.
  3. Crude production in the US is expected to rise to more than previously thought next year. A report by the Energy Information Administration showed output increasing to 12 million barrels per day by the end of 2019.
  4. Comcast is working to outbid Walt Disney for key 21st Century Fox assets. Shares of Walt Disney fell following the news, first reported by Reuters.
  5. Shares of MoviePass parent company Helios & Matheson Analytics crashed more than 30% after releasing updated financial details. The company disclosed a cash burn of more than $20 million each month.

Here is Wednesday's economic calendar:

  • The US reports weekly crude inventories and monthly producer price index data.
  • New Zealand announces rate decisions.

NOW WATCH: There's a major shift occurring that could signal the end of the historic bull market

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article