S&P 500 and Nasdaq 100 Soar to Record Highs as Middle East Tensions Ease
View original at nasdaq.comS&P 500 and Nasdaq 100 Soar to Record Highs as Middle East Tensions Ease The S&P 500 Index ($SPX) (SPY) today is up +1.28%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +2.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.326%…
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Q1 S&P 500 earnings projected to climb +12% y/y, and stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years
60% confidenceThe ECB needs to stay vigilant to potential inflation risks from the Iran war, but there is no obvious case to raise rates
60% confidenceRisks to the price outlook are tilted to the upside, especially in the near term, while the medium-term implications will depend on the intensity and duration of the war
60% confidenceIran made key concessions in an ongoing negotiation to end the seven-week war
60% confidenceThe US naval blockade in the Strait of Hormuz will remain in full force until a deal is fully agreed
60% confidencePresident Trump might travel to Pakistan if a deal with Iran is clinched
60% confidenceJune is a better moment than April to decide whether an ECB interest rate response to the Iran war is necessary
60% confidenceThe US and Iran are negotiating over a plan to end the war, with one element under discussion being that the US would release $20 billion in frozen Iranian assets in return for Iran giving up its stockpile of enriched uranium
60% confidence
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| Exxon Mobil Corporation · stock return | -6 percent |