Stocks Rebound as Trump Ends $4 Billion Israel Aid, Sending Brent Down 2.9%
Updated
Updated · Yahoo Finance · Nov 3
Stocks Rebound as Trump Ends $4 Billion Israel Aid, Sending Brent Down 2.9%
3 articles · Updated · Yahoo Finance · Nov 3
Summary
European and U.S. equities turned higher after Trump said Washington would stop $4 billion in funding to Israel at year-end, helping erase earlier losses.
Brent crude fell 2.9% to $101.75 a barrel after Trump said he had agreed the move with Prime Minister Benjamin Netanyahu and that Israel no longer needed the aid.
The rebound was modest: the STOXX 600 rose 0.13% to 650.3 and S&P 500 futures added 0.14%, after fresh AI worries had already hit sentiment in Asia.
South Korea's KOSPI and Taiwan's benchmark each dropped 3.6%, while Apple added to the gloom with a weak holiday-quarter margin outlook and softer-than-expected services growth.
Markets were also tracking U.S. midterm voting, with investors weighing whether a Democratic sweep could bring tougher AI oversight and broader corporate regulation.