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Stocks traded along the flatline on Tuesday as traders continue to weigh the market’s elevated valuations as well as rising U.S. Treasury yields.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…
2228 Views | the publication reaches you by | Saudi Arabia TodayThe S&P 500 eked up 2.8 points to 3,802.41. Energy was the best-performing sector in the S&P 500, rising 1.5%.
The S&P 500’s forward price-to-earnings ratio was at 22.7, near its highest level since 2000. The boarder-market index’s high valuation comes as investors continue to pile into stocks despite a backdrop of rising COVID-19 infections and political turmoil.
Prices for the 10-Year Treasury sagged, lifting yields to 1.17% from Monday’s 1.14%. Treasury prices and yields move in opposite directions.
Oil prices advanced 36 cents to $52.61 U.S. a barrel.
Gold prices faded $10.40 to $1,840.40 U.S. an ounce.
150 take part through Watani Al Emarat via the ‘Your City Needs You’ initiative Over 150 volunteers –…
107 Views | the publication reaches you by | Saudi Arabia Today
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
