With President Trump extending the ceasefire and no talks with Iran scheduled, Wall Street might play defense and oil prices could set the pace. Tesla and ServiceNow report later.
Last Friday's rally, driven by plunging oil prices and hopes the Strait of Hormuz would reopen, has stocks at record highs to start the week. The Fed and Tesla are in focus.
All the major indices, except for the Dow Jones, notched fresh all-time highs this week as investors waste little time to put money back into risk assets on positive Iran developments.
Iran war-related headlines continue to cause volatility in the markets and oil prices to rise, but our experts remind readers that uncertain times might also present opportunities.
As earnings season begins, Liz Ann Sonders and Collin Martin assess what corporate profits signal for both stocks and bonds. They also cover how geopolitics, tariffs, inflation, and a "Fed on hold" backdrop are shaping the outlook for markets.
Stocks rose as oil fell after Iran announced the Strait of Hormuz is open. Netflix lost 10% on weak guidance but indexes are on pace for their third straight weekly gain.
Netflix and Taiwan Semiconductor lead the earnings charge today after a record high for the S&P 500 Wednesday. Strong corporate results and hopes for peace talks keyed the rally.
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