The price of oil surged Friday in one of the market’s largest single-day increases in years, reflecting fears that a wider conflict in the Middle East could lead to serious energy supply disruptions.
Brent crude,
» Read more about: Oil prices surge and stocks drop after Israel attacks Iran »
Israel’s attack on Iran sent Wall Street fleeing to haven assets, defense stocks, and energy stocks.
Energy, up 1.2%, was the only major S&P 500 sector rising in Friday morning trading. Financials, tech, and consumer discretionary were all down more than 1%.
Among the S&P’s top 10 stocks were Halliburton,
» Read more about: Defense, Energy Stocks Leading the Market »
Markets will be close in observance next Thursday, June 19
On June 19th, 1865, Union soldiers arrived in Galveston, Texas with news that the Civil War had ended and that all slaves were now free. This day is celebrated each year as Juneteenth, and is considered to be the oldest known celebration of the end of slavery in the United States.
» Read more about: Juneteenth Stock Market Holiday: What to Know »
Americans’ fears of the stock market crashing are skyrocketing as the economy remains uncertain and President Donald Trump’s tariffs take effect, according to a report by predictive consumer data company Resonate.
Nearly 26 percent of the population worries that Wall Street might hit rock bottom, says Resonate, and concerns of a broader economic slowdown have increased by 17.5 percent to 46 percent.
» Read more about: Americans' Fears of Stock Market Crash Skyrocket »
RH stock (RH) rallied on Friday, rising more than 11% in early trading after the company reported a surprise profit in the first quarter and maintained its full-year outlook, alleviating concerns about the business amid tariffs and a weak housing market.
The home furnisher unexpectedly swung to a profit,
Legendary Leafs announcer Joe Bowen is coming back next season, but that will be it afterward, as he announced he will retire at the conclusion of the campaign.
Veteran Toronto Maple Leafs play-by-play announcer Joe Bowen will be behind the microphone for his final season in 2025-26.
The 74-year-old broadcaster,
» Read more about: Maple Leafs Legend Joe Bowen Announces Retirement Plans »
CALGARY — An analyst says a spike in crude prices driven by the latest Mideast turmoil could be a knee-jerk reaction that quickly subsides.
Enverus commodities expert Al Salazar says unless there is a sustained disruption in global crude oil supplies as a result of Israel’s attacks on Iran,
After two days of marathon talks in London, the US and China have agreed to “roll back” some of the “punitive measures” they had taken and restore the trade truce agreed in May, says Alan Rappeport in The New York Times. The meetings followed a reportedly friendly call between Donald Trump and Xi Jinping last week.
» Read more about: US and China reach a ceasefire in their trade war after talks in London »
Join us for an exclusive webinar where we unveil our new Python API designed to streamline trading as a price taker in FX Options. Whether you are a seasoned quant or trader looking to incorporate …
» Read more about: Python API for FX Options Trading: Revolutionize Your Workflow »
