Mega caps drove shares greater to start out the week, with all three indexes marking strong features. The Dow snapped a five-day losing streak, whereas the Nasdaq tried — however failed — to seize a brand new document peak. The S&P 500 recovered from its temporary Friday pullback, with all eyes now on the incoming “Magnificent 7” earnings experiences, with 5 due out simply this week. Oil continued its steep descent after Israel’s strike on Iran didn’t compromise crude manufacturing.
Proceed studying for extra on at the moment’s market, together with:
5 Issues to Know Right this moment
- What’s subsequent for Palantir Applied sciences (PLTR) after it hit the $100 billion market cap threshold. (MarketWatch)
- JPMorgan & Chase (JPM) is suing prospects that allegedly stole giant quantities of money from the corporate via a technical glitch. (CNBC)
- Biogen preps for its quarterly earnings call.
- Chipmaker brushes off lackluster outlook.
- EV stock lands uncommon analyst bull word.
Oil Suffers Steep Losses After Airstrike
After Israel’s airstrike missed key crude provide inventories this weekend, black gold has suffered steep losses. November-dated West Texas Intermediate (WTI) crude fell $4.40, or 6.1%, to settle at $67.38 per barrel for the session.
Gold was flat at the moment, because the U.S. greenback and 10-year Treasury yield strengthened. Gold for December supply remained close to breakeven at $2,755 eventually verify.
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