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The two key Nasdaq stock benchmarks will treat SpaceX very differently at first. The Nasdaq composite, a benchmark that includes virtually every stock that trades on the Nasdaq exchange, has already added SpaceX, weighted according to the company's full market cap of nearly $3 trillion. Nasdaq has long added companies listed on its exchange to this benchmark on their second day of trading.
The market has the most to lose if the central bank raises interest rates. Its rally is powered by tech and AI, making it risky, risky, risky.
The world’s biggest investors are still buying stocks, even as the U.S.-Iran war keeps inflation risks high.
Stocks were mixed at the open on Tuesday as Wall Street looked through lower oil prices and toward the start of the Federal Open Market Committee's June meeting. The Dow rose 315 points, or 0.6%. Any close higher would be a fresh record close for the Dow.
The S&P 500 index gained about 0.1%, while the Nasdaq Composite rose 0.3%.
June 16 (Reuters) - The blue-chip Dow touched a fresh record high on Tuesday as oil prices slid further on optimism around a U.S.-Iran peace deal, while SpaceX surpassed Amazon's market value to
Markets are pausing after the S&P 500's best 3-day stretch in over a year, while SpaceX stock eyes a pass of Amazon by market cap
US equity markets were tracking in the green before the open Tuesday as traders await the Federal Re
Global markets were broadly cautious on Tuesday as investors assessed the implications of a preliminary peace agreement between the United States and Iran, monitored a surprise policy move from the Bank of Japan and continued to track the extraordinary post-IPO surge in SpaceX (NASDAQ:SPCX). Futures Trade in Narrow Range Ahead of Fed MeetingU.
The S&P 500 closed Monday at 7,554.29, up 1.65%, as the Nasdaq surged 3.1%. This sharp rally appeared closely tied to geopolitical developments. On Sunday, June 14, President Trump announced the US-Iran peace deal via Truth Social, simultaneously authorizing the toll-free reopening of the Strait of Hormuz and removing the naval blockade. Consequently, WTI crude dropped roughly 5% to around $80, while Brent fell to $83, their lowest levels in months. The S&P now walks into one of the most consequ
Federal Open Market Committee (FOMC) rate hikes might best be viewed as a necessary evil for Wall Street.
<body><p>STORY: Wall Street's main indexes rallied on Monday, with the Dow gaining nearly 1% to notch a record-high close, the S&P 500 climbing about one-and-two-thirds percent and the Nasdaq soaring 3%.</p><p>Investors cheered the news of a preliminary deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz. </p><p>Kevin Mahn is president and chief investment officer at Hennion & Walsh Asset Management.</p><p>"I believe that the theme of the day for investors is that a deal has been reached. We think the strait has been opened, we think, and the market has rallied, at least for now. Obviously, if the first two tenets of that theme start to get unwound, then we're going to see this market rally go in the opposite direction. But as it stands now, we believe that ultimately a deal between the U.S. and Iran will be signed in Switzerland on Friday and in all likelihood, tankers will start to pass through the Strait of Hormuz, and that should start to ease inflationary pressures that are a result of higher oil prices that have been in place now since the beginning of March."</p><p>U.S. crude futures settled down 4.9% and hit their lowest level since March, helping to lift shares of energy-sensitive airline and cruise companies and hurting energy stocks.</p><p>Easing inflation fears also helped boost technology stocks as investors were more comfortable taking on riskier bets.</p><p>Chip giant Nvidia gained 3.5% and Micron Technology jumped nearly 11% after at least two brokerages sharply raised their price targets for the stock.</p><p>Investors now turn their attention to the Federal Reserve's two-day policy meeting, which concludes Wednesday.</p><p>Traders expect the central bank to leave interest rates unchanged, but they'll be watching closely for signals from Kevin Warsh in his first press conference as Fed chair.</p></body>
Investors are starting to brace for the Fed's policy decision after its meeting, which begins today.
Investors are starting to brace for the Fed's policy decision after its meeting, which begins today.
US stock futures wavered as investors shifted their focus from the US-Iran deal announcement to the Federal Reserve's policy meeting.
Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets.The strait, through which roughly 20 percent of the world's crude oil supply normally transits, was effectively closed by Tehran after the US and Israeli strikes on Iran in late February, sending energy prices soaring.
Tech stocks have driven the market in recent weeks, and shares in companies tied to the AI-buildout are among the biggest premarket winners this morning. Shares of Micron Technology, Super Micro Computer and Marvell Technology all rose ahead of the open, with Nasdaq futures up about 2%.
US equity investors will focus this week on Kevin Warsh's inflation assessment at his first rate-set
June 15 (Reuters) - Futures tracking Wall Street's main indexes jumped more than 1% each on Monday as investors cheered a preliminary pact struck between the U.S. and Iran to end the more than three-
While interest rates are widely expected to remain unchanged, Warsh and the Federal Open Market Committee (FOMC) appear set to make a subtle yet powerful monetary policy change.
By Wayne Cole SYDNEY, June 15 (Reuters) - Share markets and bonds rallied hard in Asia on Monday and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease
Investor attention will be on Kevin Warsh's first meeting as chair of the Federal Reserve, dealmaking in the Middle East, and the second-day effects on SpaceX.
Investor attention will be on Kevin Warsh's first meeting as chair of the Federal Reserve, dealmaking in the Middle East, and the second-day effects on SpaceX.