Wall Street’s positive reaction to Saturday’s U.S. bombings in Iran suggests the oil-rich Mideast state is “not as relevant” to the stock market as it used to be, CNBC’s Jim Cramer said Monday. Indeed, U.S. oil benchmark West Texas Intermediate and global standard Brent were modestly lower early Monday, and the S & P 500…
Investors should not ignore the risk that Iran could disrupt Middle East oil supplies and trigger a substantial price spike, energy analysts warned Monday, even as the market largely dismissed the threat. Surprisingly, oil prices are little changed Monday after the U.S. bombed Iran’s key nuclear sites over the weekend. The market seems to believe…
My top 10 things to watch Monday, June 23 1. Making sense of the stock market’s muted response to the U.S. bombing three Iranian nuclear sites over the weekend. Strait of Hormuz uncertainty in the short term versus the destabilizing but not regime-changing situation in Iran. Positive for the markets? Is there more Permian takeaway…
A trader on the floor of the New York Stock Exchange during the first session of the new year on January 2, 2025, in New York City, U.S. Timothy A. Clary | Afp | Getty Images The U.S. joining the war between Israel and Iran might seem like a geopolitical flashpoint that would send markets…
2h agoMon 23 Jun 2025 at 6:14am Market snapshot ASX 200: -0.4% to 8,475points (live values below) Australian dollar: -0.6% to 64.13 US cents Asia: Nikkei -0.1%, Hang Seng +0.4%, Shanghai +0.1% Wall Street (Friday): Dow +0.1%, S&P 500 -0.2%, Nasdaq -0.4% Europe (Friday): DAX +1.3%, FTSE -0.2%, Eurostoxx +0.7% Spot gold: -0.3% at $US3,359/ounce…
Reporters photograph an operational timeline of a strike on Iran at the Pentagon on June 22, 2025, in Arlington, Virginia, U.S. Andrew Harnik | Getty Images News | Getty Images The United States conducted airstrikes on three of Iran’s nuclear sites on Saturday, entering Israel’s war against Tehran. The timing was unexpected. On Thursday, U.S….
American poet Charles Bukowski famously said: “The crowd is always wrong,” and his words seem to sum up the situation in the financial markets perfectly. Just 24 hours ago, social media was abuzz with fears that the U.S. airstrike on Iran’s nuclear sites, combined with the talk of Iran mulling the closure of the Strait…
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U.S. and Israeli flags projected on the historic walls of the Old City near Hebron Gate in Jerusalem, Israel, on June 22, 2025. Gazi Samad | Anadolu | Getty Images United States on Saturday conducted air strikes on three of Iran’s nuclear sites, entering Israel’s war against Tehran. The timing was unexpected. On Thursday, U.S….
He bombed. Two words and the world went akilter. We get that. Visions blind us: a blocked Strait of Hormuz; $100 per barrel oil; a de-stabilized Iran and mullah revenge; our troops in harm’s way; and no end to Israel-Iran missile volleys. Monday’s reaction in the market? Always the same. Big institutions sell stocks, which…