Indexes fall as Iran launches missiles at Israel; defense stocks up
US job openings rebound in August
Port strike halts half of ocean shipping
Indexes down: Dow 0.2%, S&P 500 0.8%, Nasdaq 1.3%
Updates to 2:30 p.m. ET, 1830 GMT
By Caroline Valetkevitch
NEW YORK, Oct 1 (Reuters) - U.S. stocks fell, with the Nasdaq losing more than 1%, on Tuesday as investors grew more cautious after Iran fired missiles at Israel.
Iran launched the salvo of ballistic missiles in retaliation for Israel's campaign against Tehran's Hezbollah allies. In response, U.S. President Joe Biden directed the U.S. military to aid Israel's defense and shoot down missiles aimed at Israel, the White House National Security Council said.
While the broader market fell, shares of energy companies rose along with oil prices. Exxon Mobil XOM.N was up 2.2%.
Defense stocks also rose, including Northrop Grumman NOC.N and Lockheed Martin LMT.N. The S&P 500 aerospace and defense index .SPLRCAERO climbedmore than 1% toa record high. Utilities .SPLRCU were up 0.7%.
Airline shares fell,including Delta Air Lines DAL.N, which was down 1%.
"This highlights the circumstance of this market in the fact that there are a myriad of risks out there, whether that's slowing employment in the U.S., the geopolitical tensions in Ukraine, the Middle East," said Walter Todd, chief investment officer at Greenwood Capital in Greenwood South Carolina.
"And the market seems very mispriced for any flare-up of any of those risks. ... It's vulnerable to shocks like this."
On Monday, the three major U.S. indexes scored strong gains for September and for the quarter.
The Dow Jones Industrial Average .DJI fell 83.68 points, or 0.2%, to 42,246.47. The S&P 500 .SPX lost 43.34 points, or 0.75%, at 5,719.14 and the Nasdaq Composite .IXIC dropped 244.42 points, or 1.34%, to 17,944.75.
CBOE's market volatility index, Wall Street's fear gauge, .VIX jumped 2 pointsto 18.74after hitting a three-week high of 20.73 earlier in the session.
Data released early on Tuesday showed U.S. jobopenings rebounded in August, while the Institute for Management Supply's (ISM) report showed manufacturing activity stood at 47.2 in September, versus estimates of 47.5.
Investors were also cautious ahead of U.S. jobless claims data on Thursday and monthly payrolls on Friday.
Traders are pricing in a 62.2% probability that the Federal Reserve will lower rates by25 bps at itsNovember meeting, the CME Group's FedWatch Tool showed. Bets ona bigger 50 bps cutstand at 37.8%.
Investors also were keeping an eye ona port strike on the East Coast and the Gulf Coast, halting the flow of about half the nation's ocean shipping.
The strike that began on Tuesday is not expected to cause global supply problems as deep or severe as during the COVID-19 pandemic, but it still creates more economic uncertainty for Fed policymakers to assess.
Declining issues outnumbered advancers on the NYSE by a 1.36-to-1 ratio; on Nasdaq, a 2.53-to-1 ratio favored decliners.
The S&P 500 posted 51 new 52-week highs and two new lows; the Nasdaq Composite recorded 60 new highs and 118 new lows.
Additional reporting by Johann M Cherian and Purvi Agarwal in Bengaluru and and Lewis Krauskopf in New York; Editing by Maju Samuel and Richard Chang
Aset Berkaitan
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
