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Stocks Rally as Oil Drops on Hormuz Diplomatic Hopes
The Wall Street Journal1d agobearish
Stocks Rally as Oil Drops on Hormuz Diplomatic Hopes

Brent crude fell almost 5% on hopes of reopening the Strait of Hormuz, while U.S. stock indexes posted strong gains. Iran said Monday that there weren’t any talks under way with the U.S. nor were any meetings planned, after President Trump said the day before he had called off a major strike on the country to provide more time for negotiations. The Nasdaq jumped 2.1%, the S&P 500 rose 1.5%, and the Dow industrials gained 1.3%.

Major crypto exchange eyes IPO amid market slump
TheStreet1d agobearish
Major crypto exchange eyes IPO amid market slump

The Bithumb crypto exchange is preparing for a 2028 initial public offering (IPO) after reorganizing its business and setting out a two-year program to strengthen accounting, compliance and risk controls. South Korea’s largest cryptocurrency exchange said it expects to complete internal-control ...

The Why Behind Today's Early Stock Stumble
Barrons.com4d agobearish
The Why Behind Today's Early Stock Stumble

The Dow Jones Industrial Average was up 0.3%, or 182 points, while the S&P 500 rose 0.2%. The tech-heavy Nasdaq Composite gained 0.3%. "Yesterday’s relief rally was justifiable, but it seemed rather extreme by the end of the day and overnight," Interactive Brokers' chief strategist Steve Sosnick told Barron's, adding, "After some of the huge moves it seems prudent to expect some profit taking in stocks and sectors that had monstrous bounces."

Nasdaq 100 Falls Into Correction
Barrons.com6d agobearish
Nasdaq 100 Falls Into Correction

The Dow Jones Industrial Average tumbled 1,152 points after Kevin Warsh’s press conference sent bond yields flying. The Dow sank 2.2%. The Nasdaq 100 fell 2.1%, putting the index 10% below its June 2 closing high.

Dow Falls 1,000 Points as Tech Selling Picks Back Up
Barrons.com6d agobearish
Dow Falls 1,000 Points as Tech Selling Picks Back Up

After a brief relief rally, stock market selling accelerated again heading into the close. The Dow Jones Industrial Average sank 1,000 points, or 1.9%. The S&P 500 fell 1%. The Nasdaq dropped 0.9%. The S&P and Nasdaq both were on pace to mark intraday comebacks but lost steam as traders digested the latest updates from Federal Reserve Chairman Kevin Warsh.