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Wall Street's Fear Index Rises on a Critical Day for Markets
Barrons.com33d agoneutral
Wall Street's Fear Index Rises on a Critical Day for Markets

Market pulses were elevated on Tuesday as Wall Street contended with surging oil prices amid renewed fighting in the Middle East and braced for key economic indicators from the Consumer Price Index and the Fed, and earnings from America's big banks. The Cboe Volatility Index, or Vix, rose 1% to 17.32. The widely watched gauge takes the temperature of Wall Street and any reading above 20 tends to indicate increased market volatility.

Wall Street ends lower as Iran tensions dampen risk appetite
Reuters Videos33d agoneutralVIDEO
Wall Street ends lower as Iran tensions dampen risk appetite

<body><p>STORY: U.S. stocks ended lower on Monday, with the Dow losing about a quarter of a percent, the S&P 500 falling roughly eight-tenths of a percent and the Nasdaq dropping more than one-and-a-half percent.</p><p>:: Archive</p><p>Oil prices jumped after President Donald Trump announced he would reinstate a blockade on Iranian ports in the latest escalation of U.S.-Iran hostilities.</p><p>Alexander Morris is CEO and chief investment officer of F/m Investments.</p><p>"Anyone watching the market today is really seeing what happens when there is confusion in the market, of information. We have a weekend where we think that Iran is sorting itself out, and then the blockade is back on.&nbsp;The ceasefire is teetering, but we're shooting at each other.&nbsp;Confusion is back.&nbsp;The dollar is down.&nbsp;The [yield] curve is up.&nbsp;It seems like the market is starting to price back in the fact that any of the good news bits that we had previously thought might be the start of the end are actually maybe just the end of the beginning."</p><p>Chip stocks, which have tended to lead the market through both rally and selloff, slid on Monday,&nbsp;with SanDisk, Marvell Technology and Intel dropping between about 6% and 12.5%.</p><p>And after a stellar Nasdaq debut on Friday, U.S.-listed shares of South Korean chipmaker SK Hynix sank more than 9%.</p><p>On the flip side, energy stocks led the gainers, as crude prices surged more than 9%. Shares of Chevron added more than 3% while Exxon Mobil&nbsp;climbed 4%.</p><p>Higher oil costs fueled worries that strained supply and upward price pressures could broaden into long-term, systemic inflation.</p><p>To that end, the Labor Department is expected to release its consumer and producer price indexes this week, which will give markets and the Federal Reserve a glimpse at the extent to which the on-again-off-again U.S.-Iran war affected price growth in June.</p></body>

Trump Makes U.S. The 'Guardian' Of Hormuz; What Happens Now
Investor's Business Daily34d agobullish
Trump Makes U.S. The 'Guardian' Of Hormuz; What Happens Now

Oil prices jumped on Monday as President Donald Trump said the U.S. will reimpose a blockade on Iranian ports and provide other countries safe passage —for a fee — through the Strait of Hormuz. The announcement follows an escalation of U.S.-Iran military strikes after Tehran had targeted ships in the Strait traveling an alternative path to the Tehran-approved route open for ships paying a fee to the regime. With U.S.-Iran negotiations at an impasse over control of the key global shipping route and Tehran's nuclear program, the diplomatic route — and Wall Street's assumption that flare-ups in fighting won't lead the sides back to war — is facing its biggest test.

Oil Prices Jump As U.S.-Iran Escalation Tests Market Calm
Investor's Business Daily34d agobullish
Oil Prices Jump As U.S.-Iran Escalation Tests Market Calm

Oil prices jumped on Monday amid escalation of Middle East conflict as the U.S. challenged Iran's assertion of control over the Strait of Hormuz. With U.S.-Iran negotiations at an impasse over the key global shipping route and Tehran's nuclear program, Wall Street's assumption that flare-ups in fighting won't lead the sides back to war is being tested, but still holding firm. With Iran declaring the Strait of Hormuz closed, S&P 500 futures traded slightly lower, with APA, Occidental Petroleum and Devon Energy trading high on the index.

Markets Face Fresh Volatility as Oil Rises, Chip Stocks Retreat and Earnings Season Begins: Dow Jones, S&P, Nasdaq, Wall Street Futures
InvestorsHub34d agoneutral
Markets Face Fresh Volatility as Oil Rises, Chip Stocks Retreat and Earnings Season Begins: Dow Jones, S&P, Nasdaq, Wall Street Futures

Financial markets started the week on an uncertain note as renewed military tensions between the United States and Iran pushed oil prices sharply higher, pressured equity futures and shifted investor attention toward a crucial week of corporate earnings. At the same time, weakness across Asian semiconductor stocks has prompted questions about near-term sentiment toward artificial intelligence investments, despite continued strong demand for advanced chips.

Oil prices jump and Asian shares slip as US and Iran carry out airstrikes
Associated Press34d agobullish
Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.9% to $78.96 per barrel, while U.S. benchmark crude oil added 4% to $74.26 per barrel. Prices for both types of crude oil recently had slipped back to the levels they were at before the war with Iran began, after the two sides set an interim agreement on ending the conflict and ships resumed transporting oil through the Strait of Hormuz.