Oil prices spike on Middle East tensions, stocks trade lower: Yahoo Finance
Oil prices (CL=F, BZ=F) soared after Iran launched a missile attack on Israel. The increased tensions, along with mixed economic data, weighed on the major indexes (^DJI,^GSPC, ^IXIC), all of which are trading lower. August’s US Job Openings and Labor Turnover Survey (JOLTS) saw openings rise by 329,000 to 8.04 million, coming in above the estimated 7.69 million. However, the September read on ISM Manufacturing PMI (Purchasing Managers’ Index) was 47.2, coming in slightly below the 47.5 economists were expecting and indicating a contraction. Wall Street is also awaiting Nike’s (NIKE) latest earnings report, which will be released later this afternoon. Other trending tickers on Yahoo Finance include Super Micro Computer (SMCI), Lockheed Martin (LMT), and Pinterest (PINS).
Key guests include:3:00 p.m. ET - Sam Stovall, CFRA Research Chief Investment Strategist3:30 p.m. ET - David Steinberg, Zeta Global CEO4:15 p.m. ET - Toby Rice, EQT CEO4:45 p.m. ET - Donn Davis, PFL Founder and Chairman