Gold rebounds toward $4,350 as Fed's Warsh meets and oil fears ebb
Gold has clawed back a post-ceasefire slump to trade around $4,350 an ounce, rising for a third straight session as traders await Kevin Warsh's first Fed meeting as chair.
Oil holds near two-month low and stocks steady as Warsh's first Fed meeting looms
US crude held near a two-month low around $77 and stocks were steady Wednesday as investors awaited Kevin Warsh's first rate decision as Fed chair, due at 2 p.m. ET.
Oil sinks below $77 and stocks slip as Warsh opens first Fed meeting
WTI crude fell to around $76 a barrel as traders bet a US-Iran deal will let Tehran sell oil again. The S&P 500 and Nasdaq slipped from records as the Fed began its two-day meeting.
Stocks rally and oil sinks below $81 as US-Iran deal nears signing
Wall Street opened sharply higher and crude fell more than 5% to its lowest since March after Washington and Tehran confirmed a framework to end their war and reopen the Strait of Hormuz. The S&P 500 rose 1.6% and the Nasdaq jumped 2.5%.
Bitcoin climbs back above $65,000 as the US-Iran deal revives risk appetite
Bitcoin rose past $65,000 over the weekend, recovering from a war-driven slump under $61,000, after President Trump declared the US-Iran deal complete and ordered the Strait of Hormuz reopened.
Oil sits near two-month low as traders price in a Strait of Hormuz reopening
US crude settled at $84.88 on Friday, its lowest in two months, as the prospect of a signed US-Iran deal reopening the Strait of Hormuz drains the war-risk premium that drove prices toward $100 this spring.
SpaceX closes first trading day up 19% at $161, sealing the largest IPO in history
SpaceX shares ended their Nasdaq debut just above $161, up about 19% from the $135 offer price that raised a record $75 billion at a $1.77 trillion valuation.
Oil sinks to a two-month low as stocks extend rally on US-Iran deal hopes
WTI crude settled at $84.41, down nearly 4%, while the S&P 500 rose 0.5% to 7,431.46 as traders bet a US-Iran memorandum could reopen the Strait of Hormuz.
ECB raises rates for first time since 2023 as war inflation bites; stocks edge higher
The European Central Bank lifted its deposit rate to 2.25% as Iran-war energy costs pushed eurozone inflation to 3.2%, while US stocks rose and oil swung around $90 a barrel.
SpaceX prices record $75 billion IPO at $135 a share; trading begins Friday
SpaceX set its IPO price at $135 a share Thursday, raising $75 billion at a $1.75 trillion valuation — the largest public offering in history, dwarfing Saudi Aramco's 2019 record.
Stocks slide and oil nears $90 as hot CPI lands amid fresh US-Iran strikes
The S&P 500 fell about 0.5% and the Nasdaq led losses Wednesday as a 4.2% inflation print and overnight US-Iran strikes sent crude toward $90 a barrel.
US inflation hits 4.2% in May, a three-year high, as war drives up energy costs
The consumer price index rose 0.5% in May, lifting annual inflation to 4.2% — the highest since April 2023 — as gasoline prices soared 40.5% on the Iran conflict.
Oil pulls back as Iran and Israel halt strikes; chip rebound steadies stocks
Crude prices retreated on Tuesday, with Brent slipping below $93 a barrel, after Iran and Israel said they had stopped trading strikes. The easing followed Monday's spike, when WTI jumped 3.3% to $93.93 as the two sides exchanged fire.
SpaceX heads for record Nasdaq debut at about $1.75 trillion valuation
SpaceX is set to begin trading on the Nasdaq under the ticker SPCX in what would be the largest IPO in history, targeting a valuation near $1.75 trillion and a raise of up to $75 billion.
Oil jumps and Wall Street steadies as Israel-Iran strikes rattle markets
Oil prices rose Monday after Israel and Iran exchanged strikes, with Brent briefly topping $98 a barrel overnight. U.S. stocks were mixed: the S&P 500 added 0.3% and the Nasdaq 0.9% as chip stocks rebounded, while the Dow slipped.
Bitcoin slides toward $62,000 as ETF outflows hit record streak
Bitcoin fell to about $62,875 on Friday, down roughly 14% on the week, as U.S. spot bitcoin ETFs bled a record $4.4 billion over 13 straight trading days. Rising Treasury yields after a strong jobs report deepened the retreat across crypto.
Oil falls Friday but ends week higher as Hormuz risk lingers
Brent crude slipped below $94 a barrel and WTI toward $91 on Friday, falling about 3% as traders weighed signs of progress in U.S.-Iran talks. Both benchmarks still held weekly gains after renewed clashes near the Strait of Hormuz.
Stocks slide as strong jobs report lifts yields and hits chip shares
U.S. employers added 172,000 jobs in May, more than double the consensus forecast, sending Treasury yields higher and pushing back expectations of Federal Reserve rate cuts. The S&P 500 fell about 1% as a renewed selloff in semiconductor stocks deepened, led by Broadcom, Marvell and Micron.
Bitcoin slides below pre-war levels as Gulf risk drains crypto
Bitcoin fell to about $62,258 on Thursday morning, dropping below where it traded before the start of the war with Iran and erasing all of its conflict-era gains. Ethereum slipped to around $1,741 as risk aversion tied to the Gulf conflict continued to weigh on digital assets.
S&P 500 snaps nine-day winning streak as oil and yields climb
The S&P 500 fell 0.74% to 7,553.68, ending a nine-session winning streak as rising oil prices and Treasury yields pressured equities amid the escalating US-Iran conflict. The 10-year yield approached 4.5% and the 30-year neared 5%, stoking concern that elevated inflation could limit the Federal Reserve's room to cut rates.