From Investing.com: 2024-08-27 06:03:00

Equity markets were mixed as investors turned cautious amid geopolitical uncertainty in Libya and Gaza, driving up oil prices. The S&P 500 closed lower, but European stocks turned positive. Oil prices rallied on fears of supply disruptions, with reports of Libya closing down oil fields. On Wall Street, the Dow and S&P closed in the red, with focus shifting to incoming data and earnings. In Asia, shares slumped on weak Chinese consumer demand, but European indices saw gains led by mining and energy stocks. The US dollar held steady against major currencies, while the yen weakened and the pound and euro climbed.



Read more at Investing.com: Rate Cut Euphoria Tempered by Geopolitics as Oil Surges