Wall Street opened lower on Tuesday as investors turned cautious ahead of the Federal Reserve's interest rate decision, following strong retail sales data that signalled consumer resilience.
Wall Street's major indexes opened in the red on Tuesday as caution set in ahead of the Federal Reserve's interest rate decision later this week.
Strong U.S. retail sales data released earlier highlighted consumer resilience, prompting investor concerns over the central bank's next steps.
The Dow Jones Industrial Average fell 61.0 points, or 0.14%, to 43,656.47 shortly after the opening bell.
The S&P 500 dropped 21.5 points, or 0.35%, to 6,052.55, while the Nasdaq Composite slipped 78.3 points, or 0.39%, to 20,095.61.
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US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
UK Finance Minister Rachel Reeves unveiled a major spending review on Wednesday, focusing on health, defence, and infrastructure to drive economic growth and restore confidence in the Labour government’s vision.
Germany's finance ministry is pushing forward with its 2025 and 2026 budget plans, focusing on fiscal savings while addressing security and economic challenges, according to a recent government document.
Thousands of users in the United States, some parts of Europe and South America on the X (formerly twitter) platform have reported being unable to access the site due to Cloudflare outage.
Ukraine is facing a sharp escalation in fighting across several fronts, with Russian forces launching large-scale offensive operations while Kyiv intensifies long-range strikes deep inside Russian territory.
Russia announced on Sunday that its forces had made significant advances in Ukraine’s southeastern Zaporizhzhia region, capturing two settlements as part of what it described as a broader offensive aimed at securing full control of the strategic territory.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
China’s Ministry of Culture and Tourism has issued a formal advisory urging Chinese tourists to refrain from travelling to Japan in the near future, citing growing safety risks and recent political tensions.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
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