Oil, Iran and Israel
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Quantum Computing and other growth stocks are rallying today on hopes that the conflict between Israel and Iran could de-escalate. Oil prices have moved lower today, which is a good sign on the inflation front.
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Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil pricesCrude oil prices tumbled after OPEC+ agreed to expand production further. U.S. stock market futures dipped Sunday night, putting the S&P 500's winning streak at risk after the broad market index ...
Stocks closed lower on Wall Street, breaking a nine-day winning streak. Crude prices fell to a four-year low Monday after the OPEC+ group of oil-producing nations said it plans to increase output.
Keep an eye out for signs of labor-market weakness, as well as the risk that rising oil prices could put more upward pressure on inflation.