"Futures are trading lower this morning after negotiations with Iran failed over the weekend, and President Trump indicated the U.S. will block the Strait of Hormuz."
"The stock market ended last week higher, but it was a grind, with big swings throughout, posting its best week since November."
"After a solid week for the Treasury market, sellers returned on Friday as yields rose across the entire curve, driven by persistent worries about inflation."
"Oil finished in positive territory for consumers, as both major benchmarks finished lower on the day, trading below the pivotal and psychological $100 level."
Futures are trading lower following unsuccessful negotiations with Iran and President Trump's announcement to block the Strait of Hormuz. The first-quarter earnings season is set to begin, with major banks reporting results. Last week, the stock market experienced volatility but ended positively, with the Nasdaq gaining slightly. Treasury yields rose due to inflation concerns and geopolitical instability, while the bond market faces challenges with potential interest rate hikes. Oil prices finished lower, with Brent Crude and West Texas Intermediate both below $100, and natural gas also declined.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]