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Trump Revels in Threats to Commit War Crimes in Iran The New York TimesOver 100 International Law Experts Warn: U.S. Strikes on Iran Violate UN Charter and May Be War Crimes justsecurity.orgInternational law experts allege violations in Iran war BBCIs the US committing war crimes by targeting Iran's civilian infrastructure? The Guardian
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Job security is a growing priority for workers. Here's where they can find it.
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Stocks closed higher Wednesday as bargain hunters swooped in following a lengthy stretch of losses for the major indexes.
Today's positive price action came as the 10-year Treasury yield eased back from yesterday's two-month high, finishing down 6.7 basis points at 3.273%. A basis point is one-one hundredth of a percentage point.
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And the buying persisted even after Federal Reserve Vice Chair Lael Brainard said in an early afternoon speech that the central bank is "in this for as long as it takes to get inflation down." The Fed will meet later this month, with the market largely pricing in the probability of a third straight 75 basis-point rate hike.
Nearly all sectors finished higher, with utilities ( 3.1%) and consumer discretionary stocks ( 3.1%) leading the charge. The one outlier was energy, which slumped 1.2% as U.S. crude futures tumbled 5.7% to $81.94 per barrel - their lowest close since Jan. 11, according to Dow Jones Market Data - amid expectations of slowing global economic growth. "Oil's breakdown today is a bigger shot across the bow, pointing to further struggles ahead in our opinion," says Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott. "We believe the commodity can break below $80 from here, targeting the mid-$70s range in the weeks ahead."
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As for the major indexes, the Nasdaq Composite jumped 2.1% to 11,791 - snapping its seven-day losing streak, its longest one since 2016. The S&P 5
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