U.S. Stocks Swing Amid Middle East Tensions and Fed Policy
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#c0f35c29 ver:0.69

U.S. stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy. Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in the Middle East bolstered the safe-haven play. All three major US stock indexes wavered throughout the session, with weakness in the chip sector weighing the Nasdaq down the most. New York Fed President John Williams does not see a convincing case for cutting the central bank's policy rate now. A Reuters poll of 100 economists indicated the Fed will implement its first rate cut in September, and cut perhaps once more this year. Economic data released on Thursday painted a mixed picture, with low jobless claims and solid factory ...

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