[MARKET UPDATE] Stocks slide as crude gains following reports of Iran strikes in Jordan; earlier reports also said US is preparing the next phase of the military campaign against Iran in the coming days
The headlines indicating strikes in Jordan likely amplify geopolitical tensions in the region, contributing to a risk-off sentiment that pushes stocks lower.
House Republican leaders are making plans for a Trump administration official to attend Tuesday morning’s GOP Conference meeting on Capitol Hill to brief members on the latest developments in the war with Iran, according to Politico citing sources
US Steel presents five-year labour agreement proposal to USW union
[MARKET UPDATE] Stocks slide as crude gains following reports of Iran strikes in Jordan; earlier reports also said US is preparing the next phase of the military campaign against Iran in the coming days
Paramount Skydance (PSKY) spokesperson says it will continue to vigorously defend Warner Bros (WBD) deal and will look forward to hearings on substance of State AGs’ action
CRUDE WRAP: WTI (Q6) SETTLES USD 0.70 HIGHER AT 82.48/BBL; BRENT (U6) SETTLES USD 1.12 HIGHER AT 89.22/BBL
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Additionally, reports of the U.S. preparing for further military action against Iran could further destabilize markets, particularly affecting oil prices and risk assets. Traders should watch for potential volatility in energy and defensive sectors as the situation evolves.
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