This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
President Trump in a post on Truth Social has urged the world to keep oil prices lower or risk playing into the “hands of the enemy.” Meanwhile, Goldman Sachs has published a report saying the oil price could rise even further amid the threat of the closure of the Strait of Hormuz. The price of WTI oil is now hovering at $73.58. The Nasdaq Composite is up 0.34%.
Live coverage has ended. The full story is below.
This article will be updated throughout the day, so check back often for more daily updates.
The markets are in wait and see mode. The U.S. destroyed Iranian nuclear sites, raising the likelihood that the Middle Eastern nation is set to target key energy assets or move to close the Strait of Hormuz. The price of Brent oil soared to almost $80 per barrel, a level it hasn’t seen in months amid the escalating Middle East conflict. The U.S. dollar is increasing against other currencies on Monday.
Big Tech stocks are mostly lower with the exception of Tesla (Nasdaq: TSLA | TSLA Price Prediction), which is gaining 4.7% amid the beta rollout of robo-taxis in Texas. Meanwhile, Bank of America predicts that the price of gold could soar as high as $4,000 per ounce in the coming year, owing to the debt crisis and geopolitical uncertainty.
Another IPO is making its stock market debut today. Cement maker Amrize (NYSE: AMRZ), the U.S. division of Swiss parent Holcim, began trading on the NYSE. The stock’s market capitalization rose to $28.3 billion in early morning trading. Separately, home sales data is due out later this morning.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Up 24.97 (+0.06%)
Nasdaq Composite: Up 4.03 (+0.01%)
S&P 500: Up 11.31 (+0.21%)
Novo Nordisk (NYSE: NVO) has reportedly shuttered collaboration with Hims & Hers Health (NYSE: HIMS). As a result, direct access to the popular weight-loss drug Wegovy will no longer be available through Hims & Hers Health, per Reuters. HIMS stock is plummeting by 27.4%.
DoorDash (Nasdaq: DASH) is gaining 3.5% after Wall Street firm Raymond James upgraded the stock to a “strong buy” with a bullish $260 price target attached.
Contact [email protected] for any questions or corrections.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
This article will be updated throughout the day, so check back often for more daily updates. The markets have turned decidedly higher in mid-morning trading, with all three of the major stock market averages…
This article will be updated throughout the day, so check back often for more daily updates. On this Friday the 13th, markets are reeling amid escalating tensions in the Middle East. Israel has launched…
This article will be updated throughout the day, so check back often for more daily updates. The markets appear to be out of the doldrums, with stocks delivering a positive showing as of mid-morning…
This article will be updated throughout the day, so check back often for more daily updates. In a week filled with escalating Middle East tensions and a Fed meeting, the markets are attempting to…
This article will be updated throughout the day, so check back often for more daily updates. The market’s hope for a de-escalation of the Middle East tensions has backfired after conditions took a turn…
This article will be updated throughout the day, so check back often for more daily updates. The markets are seeing the glass half full today and are higher across the board amid expectations that…
This article will be updated throughout the day, so check back often for more daily updates. The markets are seeing signs of optimism for trade-deal progress, sending stocks higher across the board out of…
This article will be updated throughout the day, so check back often for more daily updates. Stocks were higher on the jump, with chipmaker Advanced Micro Devices (Nasdaq: AMD | AMD Price Prediction) leading…
This article will be updated throughout the day, so check back often for more daily updates. The markets are meandering in and out of positive territory after the Nasdaq Composite clinched a fresh all-time…
