Asian markets saw a dip for the second day as a strong rally cooled. US Treasuries held their ground after gains. Samsung Electronics reported record profits but its stock fell. Mixed US economic data is influencing Federal Reserve rate cut expectations. Geopolitical concerns and economic outlook are also impacting markets.
US stocks today: Dow Jones drops over 500 points as Middle East tensions escalate
Wall Street closed lower as Middle East tensions and rising oil prices triggered inflation concerns and profit booking. Financials and tech stocks led declines, though