Stock market today: Dow, S&P 500, Nasdaq edge up as oil tops $100 again, Fed meeting kicks off
View original at finance.yahoo.comStock market today: Dow, S&P 500, Nasdaq edge up as oil tops $100 again, Fed meeting kicks off US stocks gained ground on Tuesday as fresh attacks in the Iran war drove oil prices higher amid questions over the US push for allies to help protect shipping in the Strait of Hormuz…
What we drew from this source
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No products or regions are fully immune from the war's impact on oil markets
60% confidenceTandem Diabetes upgraded to Overweight from Neutral based on pharmacy pricing benefit and international opportunities
60% confidenceFederal Reserve will adopt wait-and-see stance on interest rates
60% confidenceEnergy is no longer dead money and is acting like a leader
60% confidenceSoftware likely needs loud, sector-wide signal that AI is driving real revenue and margin upside
60% confidenceNearly 60% of typical crude exports from Persian Gulf are medium and heavy crude with much more limited alternative producers outside Middle East
60% confidenceNvidia sees $1 trillion in chip sales through the end of 2027
60% confidenceUnder recessionary macro backdrop, bitcoin could drop to $58,000 and ether to $1,198
60% confidenceSevere disruptions in medium-heavy crude supplies pose large downside risks to global production of diesel, jet fuel, and fuel oil
60% confidenceDelta is well-positioned to weather current environment of higher fuel costs
60% confidenceBull case driven by stronger end-investor demand puts bitcoin as high as $165,000 and ether at $4,488
60% confidencePrices have rallied much more for many refined products than for crude
60% confidenceEU will restart delayed ratification proceedings for trade deal with US
60% confidence
Data points we hold from this source
| Exxon Mobil Corporation · ytd return | 30 percent |
| Exxon Mobil Corporation · record highs count | 17 count |
| Board of Governors of the Federal Reserve System · rate hold probability | 99 percent |
| Shell plc · ytd return | 25 percent |
| Bitcoin · bullish scenario price | 165000 USD |
| Bitcoin · previous price target 12m | 143000 USD |
| Bitcoin · bearish scenario price | 58000 USD |
| Bitcoin · price target 12m | 112000 USD |