Dow Drops Amid Mideast Tensions And Rates Worries
The Dow fell 135.56 points to 10,342.60 as Middle East violence and rising interest rate fears spooked investors, with the S and P 500 down 15.70 and the Nasdaq off 42.99. Analysts cited geopolitical uncertainty and a lack of fresh data, noting upcoming GDP, Fed rate decisions, and employment numbers could shift sentiment. Boeing rose to a quarterly profit and raised outlook on higher defense and aircraft deliveries.
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Toyota Tops Initial Quality As Koreans Gain Ground
The Associated Press reports Korea's Hyundai and Kia lead the improvement, lowering problems per 100 vehicles by margins unseen before. Toyota remains top overall with 102 issues per 100 cars alongside Honda and Hyundai, while Porsche and Kia lag at the bottom.
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Crude oil futures fall as gasoline prices surge
New York traders saw crude futures slip modestly after a session of gasoline strength. Gasoline May front month hit a record high while crude prices pulled back on profit taking and mixed supply data.
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