Stock market today: Dow, S&P 500, Nasdaq turn higher, oil slides as Trump says war could be over soon

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Leadership beneath market surface looks more consistent with de-risking than fresh risk appetite

  80% confidence

• Additional $250 million in cost cuts beyond initial program is necessary for Lamb Weston

  80% confidence

• The war with Iran is very complete, pretty much. Iran has no navy, no communications, no Air Force

  80% confidence

• Bond market stress could get nasty quickly and hit stocks harder as leveraged Treasury trades unwind

  80% confidence

• US is very far ahead of initial 4-5 week estimated time frame for Iran conflict

  80% confidence

• Impact of higher fuel costs on airfare would probably start quick

  80% confidence

• Lamb Weston should expand cost reduction program and conduct strategic review of certain international operations, particularly in Asia Pacific

  80% confidence

• With bitcoin issuance fixed and large holders continuing to accumulate during volatility, sustained downside would likely require broader deterioration in liquidity conditions

  80% confidence

• US could go into recession because of Iran situation

  80% confidence

• Banks cannot catch a bid on steeper curve, which is a warning signal

  80% confidence

• Has a plan to bring down oil prices

  80% confidence

• Until transports can stabilize, hard to make case that broader growth scare is easing

  80% confidence

• Software rally looks more like short covering than durable comeback

  80% confidence

• Market is trading financials like a credit-stress proxy despite friendlier yield curve

  80% confidence

• G7 agreed on following the oil situation very closely and are ready to take all necessary measures including using strategic reserves to stabilize the market

  80% confidence

• First Novo-Hims partnership ended because Hims didn't stop mass compounding of copycat drugs as agreed

  80% confidence

• Odds of geopolitical deal increase as S&P 500 approaches 10% drawdown (roughly 6,280)

  80% confidence

• Lamb Weston is well positioned to enter new phase of value creation with structural improvement in margins, capital allocation, and earnings power

  80% confidence

Data points we hold from this source