Stocks Mixed at Open, Hezbollah Rejects Ceasefire, AI Trade Tested, More
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What are the latest updates on the stock market at the open?
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Nathan Hager. There it is, the sound of the opening bell from the floor of the New York Stock Exchange on Wall Street. Thursday morning trading is officially underway this morning at the open. The S&P 500 is lower by about four-tenths of 1% or 30 points. The Dow Jones Industrial Average is on the rise, up nearly 1% or nearly 500 points. And the Nasdaq Composite is lower, down 1%. West Texas Intermediate Crude is down 3% as well. There's some AI disappointment in the market, along with the latest back and forth in the Middle East, moving investors back and forth at the start. The head of Iran-backed Hezbollah has announced he is rejecting the latest ceasefire agreement between Israel and Lebanon, hours after the U.S.
announced it. We get the latest from Bloomberg's Abir Abu Omar in Dubai.
Israeli officials had met with Lebanese counterparts yesterday. And what they reached was essentially talks for Hezbollah to stop its hostilities against Israel and Israel to do the same. So it's conditional.
Bloomberg's Abir Abu Omar reports Hezbollah's secretary general wants the ceasefire to cover all of Lebanon. There was more fighting overnight in the southern part of the country. Mark Champion covers the Middle East for Bloomberg Opinion. He says the situation in Lebanon has become a key sticking point in U.S. talks with Iran.
The Iranians have made clear throughout that they believe they're in a position where they can make demands. And one of the demands, key demands they have is that other theaters where their proxies are in conflict with Israel continue. will be included in any peace deal.
You can hear more from Mark Champion of Bloomberg Opinion on the Bloomberg Daybreak U.S. edition podcast. This morning, Iran's foreign minister said there has been no recent progress on an interim peace deal with the U.S. That's according to the semi-official Taznim news agency. The House has dealt a symbolic blow to President Trump's war effort.
On this vote, the yeas are 215 and the nays are 208. The concurrent resolution is adopted.
Four Republicans joined with every Democrat present on a resolution to stop the fighting. Bloomberg Government's Mika Salner has more from Washington.
Republicans are very interesting because we saw Congressman Brian Fitzpatrick, who Trump has continuously criticized online, Thomas Massey, no surprise there. But we also saw members like Tom Barrett, a vulnerable Republican from Michigan who's running for reelection, as well as Warren Davidson, who's increasingly taken some votes to break against the administration as well.
Bloomberg government's Mika Solner reports President Trump blasted the four Republicans as grandstanders in a social media post this morning. He suggested their vote could interfere with his, quote, final negotiations to end the war. President Trump says he plans to make Todd Blanch his permanent attorney general soon. He announced that at a Rose Garden event last night. Bloomberg's Laura Davison reports this could set up a tough confirmation fight in the Senate.
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