[Chart courtesy of MarketWatch.com] Stocks pushed higher early on, even though trading stayed pretty choppy. The move built on yesterday’s big comeback as oil prices finally cooled off and traders kept a close watch on the escalating conflict with Iran. After a strong run, crude took a sharp dive today on expectations that several countries might tap their emergency oil …
Early Sell-Off Fades – Bulls Fight Back Amid Middle East Chaos
[Chart courtesy of MarketWatch.com] Stocks opened deep in the red as U.S. oil futures smashed through $100 a barrel (hitting over $119 overnight—the highest since 2022), sparking fresh fears of a stagflation scenario with rising inflation and slowing growth. The spike came after major Middle East producers slashed output due to the ongoing closure of the Strait of Hormuz. Kuwait …
Early Weakness Turns Ugly – Late Bounce Trims Losses
[Chart courtesy of MarketWatch.com] Stocks resumed their slide after yesterday’s brief breather, as fresh worries about the Iran conflict flared up again and sent oil prices surging. West Texas Intermediate crude futures topped $80 a barrel in the afternoon—the highest since July 2024—after Iran claimed it hit an oil tanker with a missile. Iranian Foreign Minister Abbas Araghchi added fuel …
From Yesterday’s Red To Today’s Bounce – Relief Rally Underway
[Chart courtesy of MarketWatch.com] The major indexes shook off yesterday’s volatility and opened strong, building on a broad rebound as traders focused on the latest U.S.-Israel-Iran developments while letting some of the growth-scare fears from last week fade into the background. Treasury Secretary Bessent said today the U.S. is gearing up for “a series of announcements” to keep oil flowing …
Iran Tensions Spike Oil – Stocks Tank Early, Then Trim Losses
[Chart courtesy of MarketWatch.com] U.S. stocks got slammed right out of the gate, wiping out Monday’s comeback as oil prices spiked again and traders started fretting that the U.S.-Iran conflict could drag on longer than expected. The Dow was down about 1,200 points (around 2.5%) at one point, while the S&P 500 and Nasdaq each slipped roughly 2.2%. Brent crude …
Gold +2%, Vix Surges – Safe-Havens Shine Amid Conflict Fears
[Chart courtesy of MarketWatch.com] Stocks tanked early after the weekend news of U.S. and Israel strikes on Iran, spiking oil prices and adding Middle East instability to the growing list of investor worries. The major averages hit session lows hard—the Dow was down about 600 points at one point—but rallied back thanks to gains in tech like Nvidia and Microsoft. …