Other-News
By Pankaj K
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Energy Markets React. Oil prices fell hard on the news. Brent crude dropped 2% to $78 per barrel as supply disruption…
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Analysts Stay Cautious. Not everyone's convinced the rally will last. Jane Foley from Rabobank warned Wednesday that the…
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Markets exploded Wednesday. The Dow jumped 2.76% while the S&P 500 climbed 2.64% and the Nasdaq rocketed 3.
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Tech giants drove the massive rally as investors poured money into risk assets. Apple shares soared 4%, Microsoft gained big, and Amazon posted solid increases across the board.
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Before the ceasefire news hit, trading was quiet and investors seemed nervous about Middle East tensions. But once the announcement came through, everything changed.
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Fed Chair Jerome Powell had said Tuesday the central bank was watching geopolitical risks closely.
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European and Asian markets followed Wall Street higher. London's FTSE 100 rose 1.8% and Japan's Nikkei gained 2.2%. Global markets basically breathed a sigh of relief.
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Goldman Sachs put out a report saying the Iran-US deal should keep oil markets stable short-term.
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The VIX fear gauge dropped to 15.2, showing anxiety levels fell big time. That's way down from where it was when Middle East worries were running high.
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Boeing shares jumped 3.2% on the broader optimism. The defense contractor benefits when geopolitical risks go down since it means less disruption to supply chains and operations.
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The White House put out a statement Wednesday evening confirming ongoing diplomatic work to solidify the ceasefire.
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BlackRock CEO Larry Fink called the ceasefire "an opportunity for global markets to recalibrate" during an investor call.
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ECB President Christine Lagarde said Wednesday the European Central Bank is monitoring things closely.
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Treasury Department officials said they're watching the situation and will adjust strategies as needed.
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Goldman's oil market predictions seem pretty solid right now. Crude futures stayed relatively calm through Wednesday's session, with traders seeming to buy into the idea that…
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