The oil market is assuming a bearish tilt after the Iran-Israel conflict ended in a ceasefire this week, with President Donald Trump hinting he could loosen sanctions against the Islamic Republic’s crude exports. The 12-day conflict drove oil prices sharply higher and then lower as traders gauged the odds of a major supply disruption. U.S….
It was another exciting week on Wall Street as the S & P 500 and Nasdaq each closed Friday at new record highs. Incredible as that was, this week could have easily gone another way. Last Saturday, the world learned that the U.S. had entered the Israel-Iran conflict, dropping several massive bunker busters on Fordo, Iran’s…
Just as they say you never step into the same river twice, the view from a given summit is never quite the same upon a second visit. The S & P 500 has fully scaled its way to its first record high in more than four months on Friday, recovering what was at the intraday…
Check out the companies making headlines before the bell: Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and…
It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last…
The S&P 500 retook the all-time high set on Feb. 19 and surpassed it on Friday, completing a massive roundtrip that saw U.S. stocks crash on President Donald Trump’s trade war then claw their way back a few months later. But while investors can feel whole again after witnessing their portfolios get obliterated, there’s also…
Just two months ago, the markets seemed to be in crisis as investors despaired over the effects of President Donald Trump’s sweeping set of tariffs. Now, the markets are jubilant. Late Friday morning New York time, the S&P 500 notched a new all-time high of 6,184 points as the stock index jumped 0.7% over the…
My top 10 things to watch Friday, June 27 1. Has Nike reached the bottom? Last night’s earnings report was the most bullish CEO Elliott Hill has been since taking over in October. Inventories are winding down, so now they can play offense. Shares jumped more than 10% this morning. 2. The S & P…
Despite the macroeconomic factors swirling over Wall Street, a relative calm has descended across markets. At the time of writing, the S&P 500 is up 0.8% over the past day, the Nasdaq was up 1% and the FTSE 100 up 0.5% in early trading this morning. S&P futures were up 0.23% this morning, premarket. It’s…
U.S. Treasury Secretary Bessent seeks end to ‘revenge tax’ on foreign investors US Treasury Secretary Scott Bessent speaks to reporters after meeting with Senate Republicans at the US Capitol in Washington, DC, on June 24, 2025. Saul Loeb | AFP | Getty Images In case you missed it, U.S. Treasury Secretary Scott Bessent on Thursday…