With the Strait of Hormuz currently closed and the threat of ongoing attacks on energy infrastructure in the Persian Gulf and the Gulf of Oman, and the price of oil almost $100 a barrel at the time of writing, investors have inevitably started looking at which energy-related stocks might help protect a portfolio from headline risk.
» Read more about: 2 Energy Stocks That Could Be Bigger Winners Than Crude Oil »
Why are US stock market indexes down today, and will S&P 500, Nasdaq and Dow Jones stay in red or turn green again? This question is being asked after a sharp fall in US markets. Wall Street closed lower as investors reacted to multiple signals from the economy and global events.
The escalating instability in the Middle East has sent shockwaves through global markets, and Australia is finding itself directly in the line of fire. As a regional energy crisis looms, concerns are mounting over the resilience of the Australian economy and its domestic equity market.
The situation has forced the Reserve Bank of Australia (“RBA”) into a hawkish corner,
» Read more about: Australian ETFs Under Radar as Energy Crisis & Rate Hikes Raise Concern »
Amid geopolitical turmoil, the Federal Reserve held interest rates steady at the conclusion of its policy meeting on Wednesday.
An energy shock and higher inflation expectations due to the Iran war ruled out any possibility of an interest rate cut,
» Read more about: Fed holds interest rates steady — here’s what that means for consumers »
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A key question hangs over the Federal Reserve’s two-day meeting that concludes on Wednesday.
Will policymakers still cut interest rates this year,
» Read more about: Federal Reserve could signal pause in rate cuts as Iran war stokes inflation »
The war with Iran was expected to last four or five weeks, but Tehran’s reaction—a blockade of the Strait of Hormuz, the waterway through which a fifth of the world’s oil passes—has triggered a surge in energy markets. U.S. President Donald Trump insists the attacks will soon cease, but he is asking allies for help in securing this strategic Middle Eastern passage,
By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — A key question hangs over the Federal Reserve’s two-day meeting that ends Wednesday: Will central bank policymakers still reduce short-term interest rates this year, now that the Iran war has sent oil prices higher and gas prices spiking?
Energy stocks can be great for dividend income. The global economy needs oil, gas, and electricity around the clock, so the companies in this space are always humming. However, the energy industry can be highly volatile at times, and the ongoing war in the Middle East is a prime example.
Oil and gas prices can fluctuate,
» Read more about: 4 Dividend Energy Stocks to Buy in March »
NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s latest stock calls as he discussed the bullish AI investment thesis amid the Iran conflict. Cramer highlighted the company CEO’s keynote speech at the company’s GTC event, as he remarked:
Let’s call it a quasi off switch… a pause button that shocked the pessimists and just created a huge wave of stock buying.