The rally attempt paused Wednesday as Nvidia reversed lower. Meta, Chipotle and ServiceNow led key earnings late.
Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. "Tensions between Iran and Israel have eased, but Israeli attacks on Gaza are expected to worsen, and the risk of conflicts spreading to neighbouring countries is underpinning oil prices," said Toshitaka Tazawa, an analyst at Fujitomi Securities Co Ltd.
An Indigenous group in Brazil said Wednesday its members detained 12 people for allegedly mining illegally in the Amazon and handed them over to police. The non-profit Urihi Associação Yanomami said in a statement that the incident took place Tuesday in the northern state of Roraima, which borders Venezuela. Brazil's Indigenous Peoples Ministry confirmed that a dozen alleged miners, including 10 men and two women, were in police custody.