Stock Market Today: Oil Jumps to $100
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“I think what we saw over the prior 27 days was just the first stage of a deeper correction.”
Market confidence in a short war was misplaced. This isn’t a time to be confident about the outcome.
As of this writing, WTI crude oil futures were up 10% to about $96 per barrel. The latest spike came after Iran attacked several ships in the Persian Gulf and the International Energy Agency (IEA) called it the “largest supply disruption” ever.
Up Another 13% 23 hours ago Shares of HIMS are up another 13%, or by $3.10, on news that Novo Nordisk agreed to distribute its products through the Hims platform, ending a longstanding feud between the companies.
Many investors have been on edge for months, with concerns that an AI bubble or a weakening job market could lead to a recession. But now, amid increased political uncertainty and conflict abroad, fears about the stock market are amping up.
The last three oil shocks followed a surprisingly consistent pattern. Here's what they say about where the S&P 500 goes from here.
US stocks fell on Thursday, as Iranian strikes on two oil tankers sent crude prices surging toward $100 per barrel, further exacerbating inflation fears and sending investors fleeing equity markets.All three major U.
Despite some heavy selling since the start of the Iran conflict, the S&P 500 has remained within 5% of its latest record closing high from earlier this year. In fact, since the conflict began, the S&P 500 is down only about 1.
Every upmove on the Nifty is getting sold into. That has been the texture of this market for most parts of the last two weeks. Thursday was no different. Adding to that is the return of oil at $100 a barrel,
When stock markets are falling, it’s natural to want to do something quickly to protect your retirement savings.