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Stock market today: Dow, S&P 500, Nasdaq futures turn higher as Iran reportedly calls for talks to end conflict
Yahoo Finance· 2026-03-03 23:49
Market Reactions - US stock futures rose approximately 0.4% for the S&P 500 and Nasdaq 100, and 0.2% for the Dow Jones Industrial Average, following a report of Iran's indirect approach to the US regarding conflict resolution [1][2] - The conflict has caused significant volatility in US stocks, with a notable crash in Korea's main benchmark due to geopolitical tensions [2][3] Oil Market Impact - Oil prices increased over 2%, with Brent crude futures near $84 per barrel and West Texas Intermediate futures above $76, as the US announced plans to provide insurance and escorts for oil tankers in the Strait of Hormuz [4][6] - Goldman Sachs does not predict oil prices will exceed $100 per barrel despite the ongoing conflict [12] Labor Market and Earnings - Investors are anticipating an ADP update on private payrolls to gauge labor market health ahead of a crucial jobs report [5] - Earnings reports from companies like Broadcom, Costco, and Alibaba are expected to be muted this week [5] AI and Technology Sector - Foreign investors have sold approximately $3.1 billion in South Korean shares and $3.6 billion in Taiwanese shares, indicating a retreat from high-flying AI markets due to inflation fears [14][15] - Major chipmakers like Samsung Electronics and SK Hynix have seen stock declines of nearly 20% this week, with Taiwan Semiconductor Manufacturing Co. down nearly 7% [16][17]
Stock market today: Dow, S&P 500, Nasdaq futures fall as Iran reportedly calls for talks to end conflict
Yahoo Finance· 2026-03-03 23:49
Market Overview - US stock futures declined slightly, with S&P 500 and Nasdaq 100 down 0.1% and Dow Jones Industrial Average down 0.2% following a volatile trading day on Wall Street [1] - The ongoing conflict involving Iran has contributed to market volatility, with significant impacts observed in global markets, particularly in Korea where the main benchmark experienced its largest one-day drop on record [2] Geopolitical Impact - The conflict has intensified with Israel conducting fresh strikes on Tehran, coinciding with the funeral of Supreme Leader Ali Khameni [2] - Despite reports of Iran's indirect approach to the US for negotiations, US officials remain skeptical, viewing the overture as insufficient given the timing of the ongoing hostilities [3] Oil Market Dynamics - Oil prices have shown fluctuations, with Brent crude futures trading near $82 per barrel and West Texas Intermediate futures around $75, influenced by geopolitical tensions and US promises of protection for oil tankers in the Strait of Hormuz [5][7] - Following President Trump's announcement regarding tanker protection, oil prices saw a reduction in gains, with Brent crude futures easing from $84 to below $82 [7] Economic Indicators - Investors are anticipating an ADP update on private payrolls, which will provide insights into the labor market and influence expectations for Federal Reserve interest rate actions [6] - Earnings reports from companies such as Broadcom, Costco, and Alibaba are expected to be less impactful this week due to the prevailing geopolitical concerns [6] Company-Specific Movements - Strategy (MSTR) stock rose 8% in premarket trading, attributed to a 6% increase in bitcoin [12] - Ross Stores (ROST) saw a 5% increase following better-than-expected fourth-quarter results [12] - Moderna (MRNA) stock increased by 3% after resolving a dispute related to its COVID vaccine, while GitLab (GTLB) shares fell 9% due to anticipated sales slowdown [12]
Stock market today: Dow, S&P 500, Nasdaq futures rise as Iran reportedly calls for talks to end conflict
Yahoo Finance· 2026-03-03 23:49
Market Overview - US stock futures increased slightly, with S&P 500 rising 0.3%, Nasdaq 100 gaining 0.5%, and Dow Jones Industrial Average up 0.2% following stronger-than-expected private payrolls data and reports of Iran's indirect approach to the US for conflict resolution [1][3] Employment Data - ADP reported that the private sector added 63,000 jobs in February, surpassing economist estimates of 50,000, marking the best monthly gain since July 2025 [6][8] - "Service-providing" sectors contributed 47,000 new jobs, while "goods-producing sectors" added 16,000 jobs [7] - Despite the positive job growth, ADP's chief economist noted that hiring is concentrated in a few sectors, and the pay premium for switching jobs reached a record low in February [8] Oil Market Dynamics - Oil prices stabilized after President Trump's announcement to provide insurance and escorts for oil tankers in the Strait of Hormuz, with Brent crude futures trading near $82 per barrel and West Texas Intermediate futures around $75 [5][10] - Following the announcement, Brent crude futures eased to below $82 after reaching $84, while West Texas Intermediate futures fell to $74 from $77 [11] Geopolitical Impact - The ongoing conflict involving Iran has led to significant volatility in US stocks, with some analysts cautioning against relying on political interventions to stabilize the market [4][13] - The geopolitical tensions have also affected Asian markets, with Korea's main benchmark experiencing its largest one-day decline on record due to concerns over the conflict [2][19]
Epstein files: Goldman Sachs lawyer Kathryn Ruemmler asked to testify to House panel
CNBC· 2026-03-03 22:22
FILE PHOTO: White House counsel Kathryn Ruemmler listens as President Barack Obama speaks at an installation ceremony for FBI Director James Comey at FBI Headquarters in Washington, Monday, Oct. 28, 2013.The House committee investigating the notorious sex offender Jeffrey Epstein has asked Goldman Sachs' top lawyer, Kathryn Ruemmler, to testify about her interactions with Epstein, her spokeswoman said Tuesday."Ms. Ruemmler welcomes the opportunity to appear before the Committee," said Jennifer Connelly, her ...
House Committee Wants Goldman Sachs General Counsel to Testify on Epstein
WSJ· 2026-03-03 21:55
Oversight Committee chair is sending a letter to Kathryn Ruemmler on Tuesday citing its continuing investigation ...
Goldman Sachs Shares Rise 4% After Key Trading Signal
Benzinga· 2026-03-03 20:17
Core Insights - Goldman Sachs Group Inc (NYSE:GS) triggered a significant Power Inflow alert, indicating a bullish trend in trading activity, particularly from institutional and retail investors [1][2]. Group 1: Power Inflow Signal - The Power Inflow signal was activated on March 3 at 11:02 AM EST when GS's price was $833.42, following a period of stagnation and slight decline [2]. - After the Power Inflow alert, both retail and institutional trading interest shifted towards buying, resulting in a stock price increase to a high of $868.00 by 2:45 PM EST, reflecting a rise of 4.15% [2][5]. - The Power Inflow alert is a proprietary signal from TradePulse, designed to indicate significant shifts in order flow towards buying activity, suggesting a high probability of bullish price movement for the remainder of the trading day [3]. Group 2: Order Flow Analytics - Order flow analytics provide insights into real-time buying and selling trends by examining volume, timing, and order size from both retail and institutional traders, enhancing understanding of price behavior and market sentiment [4].
Bloomberg Invest: Finance Power Players | Open Interest 3/3/2026
Bloomberg Television· 2026-03-03 19:47
MATT: WELCOME TO BLOOMBERG OPEN INTEREST IN DOWNTOWN MANHATTAN. WE ARE GATHERED WITH THE MOST INFLUENTIAL VOICES ACROSS ASSET MANAGEMENT, BANKING AND PRIVATE CAPITAL. DANI BURGER JOINS ME IN A FEW MOMENTS.SHE'S CURRENTLY HOSTING A PANEL ON PRIVATE CREDIT. WE WILL BRING YOU A CONVERSATION WITH MARK ROWAN OF APOLLO. PLUS, WE WILL HEAR FROM THE CHIEF REVENUE LAWSUIT AND GOLDMAN SACHS GLOBAL COHEAD OF MARKET CREDIT.TAKE A LOOK AT WHAT'S GOING ON WITH S&P FUTURES. STOCKS ARE DOWN AS INVESTORS ALSO SELL BONDS. YO ...
Energy stocks jump as Goldman Sachs warns of potential 'doubling'
Yahoo Finance· 2026-03-03 19:33
Group 1: Energy Market Impact - Crude oil and natural gas prices surged on March 2 due to the closure of the Strait of Hormuz by Iran, raising concerns over energy supply in the Middle East [1][2] - The Strait of Hormuz is a critical chokepoint for global energy trade, with about one-third of the world's seaborne oil exports passing through it in 2025 [2] - Brent crude futures increased from under $70 to approximately $77 on March 2, indicating a tightening global supply and upward pressure on oil prices [2] Group 2: Natural Gas Market Reaction - Natural gas prices reacted sharply to the geopolitical tensions, with the benchmark European gas price on the Dutch TTF hub jumping 39% to around €44 per megawatt-hour, marking the largest increase since August 2023 [5] - Goldman Sachs indicated that gas prices could more than double if disruptions in LNG supply through the Strait of Hormuz persist, with potential prices reaching 74 EUR/MWh ($25/mmBtu), which is 130% above current levels [6][7] - U.S. LNG exporter stocks saw significant gains on March 2, with Cheniere Energy rising 5.6%, Venture Global increasing by 17.4%, and NextDecade gaining 4% [8]
Crude Oil Surges Over 6%; Target Profit Tops Views - Battalion Oil (AMEX:BATL), Kontoor Brands (NYSE:KTB)
Benzinga· 2026-03-03 17:14
Market Overview - U.S. stocks experienced a decline, with the S&P 500 falling approximately 1.5% amid the ongoing Iran-U.S. conflict, while the Dow decreased by 1.48% to 48,179.27 and the NASDAQ dipped 1.54% to 22,398.78 [1] - European shares also fell, with the eurozone's STOXX 600 declining by 3.53%, Spain's IBEX 35 Index down 5.4%, London's FTSE 100 down 3.30%, Germany's DAX down 4.01%, and France's CAC 40 down 3.47% [6] - Asian markets closed lower, with Japan's Nikkei 225 falling 3.06%, Hong Kong's Hang Seng index down 1.12%, and China's Shanghai Composite down 1.43% [7] Sector Performance - Consumer staples shares saw a minor decline of 0.5% [2] - Materials stocks experienced a more significant drop of 3.9% [2] Company Earnings - Target Corporation reported fourth-quarter adjusted earnings per share of $2.44, surpassing the analyst consensus estimate of $2.15, although quarterly sales of $30.453 billion were down 1.5% year over year and missed the expected $30.512 billion [3] - The company is projecting adjusted EPS for 2026 to be between $7.50 and $8.50, compared to an analyst estimate of $7.68, with projected sales of $106.876 billion against an analyst estimate of $106.672 billion [4] Commodity Market - In commodity news, oil prices increased by 6.6% to $75.90, while gold prices decreased by 4% to $5,099.20, silver fell by 7.4% to $82.28, and copper dropped by 2.4% to $5.8050 [5]
Retire Comfortably With These Dividend Growth Stocks
247Wallst· 2026-03-03 16:04
Core Insights - The article emphasizes the importance of investing in dividend growth stocks for a comfortable retirement, highlighting specific companies that have shown consistent dividend increases and solid stock performance over the years [1]. Company Summaries - **Goldman Sachs (GS)**: The stock has increased by 181% over the past five years. The quarterly dividend has risen from $1.25 in June 2021 to an expected $4.50 in March 2026, resulting in an annual dividend yield of around 2% [1]. - **Lowe's (LOW)**: The stock has gained 66% over the past five years. The quarterly dividend has doubled from $0.60 in May 2021 to $1.20 in February 2026, providing a dividend yield of 1.72% [1]. - **Johnson & Johnson (JNJ)**: The stock has appreciated by 50% over the past five years. The quarterly dividend has increased from $1.06 in June 2021 to an anticipated $1.30 in March 2026, offering a dividend yield of 2.11% [1]. - **Coca-Cola (KO)**: The stock has risen by 60% over the past five years. The quarterly dividend has grown from $0.42 in July 2021 to an expected $0.53 in April 2026, with a current annual dividend yield of 2.55% [1].