Wall Street opens slightly lower driven by market anxiety over crude oil prices, tariffs and Russia-Ukraine conflict
US stock markets opened slightly lower, relinquishing some gains from May's strong performance. The decline was influenced by a surge in crude oil prices, driven by both Ukrainian strikes within Russia and OPEC+'s output decision. Energy stocks rose, while steel shares gained following President Trump's announcement of increased steel import tariffs to protect the domestic industry.
US stock markets opened slightly lower, relinquishing some gains from May's strong performance. The decline was influenced by a surge in crude oil prices, driven by both Ukrainian strikes within Russia and OPEC+'s output decision. Energy stocks rose, while steel shares gained following President Trump's announcement of increased steel import tariffs to protect the domestic industry. What's Your Reaction?
