semiconductor / news / / Benzinga
U.S. stocks edged lower at midday Thursday as Treasury yields rebounded and crude oil climbed back above $100 a barrel.
Iran’s Supreme Leader directed that near-weapons-grade uranium must not be sent abroad.
KEY POINTS
- WTI crude oil rose 1.9% to $100.08 amid revived Strait of Hormuz and Iran tensions.
- Nvidia’s strong earnings report did not sustain momentum for the broader AI rally or Nasdaq.
- The U.S. Manufacturing PMI climbed to 55.3 in May, its highest level since 2022.
- The dollar index hit a new April high at 99.4 as U.S. yields rebounded.
COMPANIES
Summarized by Newsio from Benzinga. How we summarize →