From Nasdaq: 2024-04-12 11:33:25

Stock indexes fell this morning, with the Dow Jones hitting a 2-month low due to geopolitical tensions. Gold and crude prices surged as safe-haven assets. Chip makers are under pressure after China ordered replacing foreign chips. Mixed Q1 bank earnings reported, with JPMorgan down over 4% but Wells Fargo up slightly. Chinese trade data weaker than expected, impacting global growth prospects. Bond yields are lower today, supporting stocks. Fed likely to cut rates, uncertain economic outlook. Overseas stock markets are mixed. US 10-year T-notes up. European bond yields lower. ECB members consider rate cut in June. Zoetis down over 8% due to drug report. Chip makers under pressure. Arista Networks and JPMorgan down after earnings. Globe Life up over 16% amid short-seller report. Newmont up over 3% with gold at record high. Energy producers up with crude prices soaring. Earnings reports today from BlackRock, Citigroup, JPMorgan Chase, Progressive, State Street, Wells Fargo.



Read more at Nasdaq: War Jitters in the Middle East Prompt Stock Selling and Risk Aversion