Oil drop may fuel 10% stock rally, strategist says
Falling oil could trigger a 5-10% stock rally, says strategist David Spika, as lower crude may ease inflation and bond yields.
Falling oil could trigger a 5-10% stock rally, says strategist David Spika, as lower crude may ease inflation and bond yields.
Iran peace talk headlines boosted risk sentiment, sending oil lower and equities higher, while yen intervention fears kept currency markets on edge.
Al Jazeera reports that Iran-US talks in New York are becoming more positive and have entered a technical phase, with Qatar mediating.
US stocks opened higher but gave up gains as the 10-year yield rose 5 bp to 5.212%, pressing equities again.
S&P 500 flat close hid a broad retreat: 328 stocks fell vs 174 rose. Yields rose, AI capex faced friction.
US major indexes ended little changed; Meta surged 4.5% on AI agent news, lifting Nasdaq while other indices fell.
The S&P 500, Nasdaq Composite and Nasdaq 100 bounced off support and moved into positive territory after testing key technical levels.
US stock indices fell again as yields surged on rate hike expectations, each index testing key support levels.
S&P Global's flash September US PMIs due Wednesday; traders forecast Manufacturing at 53.5 and Services at 56.
Goldman Sachs and Deutsche Bank reaffirm bullish outlook on S&P 500, dismissing earnings bubble fears and projecting continued growth.
Nasdaq Composite and Nasdaq 100 hit record closes as Iran diplomacy hopes weighed on crude, while Dow fell and S&P 500 was flat.
European stocks edged up as fading hopes for quick Iran peace offset Saudi loading news, with Italy and UK closing lower.
Goldman's 8,000 S&P 500 target hinges on AI-driven hyperscaler spending, as NVIDIA's results show high concentration. A pullback in capital budgets could hit…
Wall Street strategists are optimistic after clearing key fears. Bitcoin rose 6% to about $86,600, but questions remain if crypto will follow stocks higher.
European stocks close higher, yields fall; US tech leads gains; oil tumbles, Bitcoin rebounds.