Wall Street ended the session sharply lower, weighed down by soaring treasury yields and fears of heightened geopolitical tensions between Iran and Israel. At the same time, Israelis are waiting for news about how Armed Forces Prime Minister Benjamin Netanya will respond to the first direct attack by Iran in history, as international pressure for resonance is growing for fear of a possible escalation of the conflict. Several policy makers, including the Federal Reserve matron Jerome Powell, will speak later in the day, and investors will be watching for clues about the central bank's stance on easing.
(Bloomberg) -- The Emerging Markets Equity Benchmark Index erased a 2024 gain and a currency index hit a new low for the year on signs that global monetary easing will be delayed and China's economic recovery remains weak. Bloomberg's Most Popular Reads Beyond Alfred: Surprise Winners on the List of Colleges with the Highest Returns on Investment Iran's Attack on Israel Sparks a Race to Avoid a War of the Whole BreadThe Apple Noodles Face the Worst iPhone Slump Since Covidien, as Rivals Rise Tesla's Gao Koon Baglino Departs
(Bloomberg) -- Exposure to stocks is now so high that any weakness could trigger a bigger plunge once investors start trimming long positions, according to top Wall Street strategists. Bloomberg's Most Read Beyond the University of Illinois: Surprise Winners on the List of Colleges with the Highest Returns on Investment Iran's Attack on Israel Sparks a Race to Avoid an All-Over Battle Apple Fruit Noodles Facing the Worst iPhone Slump Since Covidien, Rise of Competitors Tesla's Gao Koon Bagliano Departs, Mas resonance Loses Another Top Deputy Israel vs.