What You Missed On Wall Street On Monday
The major averages closed broadly lower as President Donald Trump said he was reinstating a blockade on Iranian shipping through the Strait of Hormuz, even going so far in a social media post as to call the U.S. the "Guardian of the Hormuz Strait." Oil prices surged after the news, reviving concerns that higher energy costs could complicate the inflation outlook. Meanwhile, this week marks the unofficial start of second-quarter earnings season, with major U.S. banks set to report over the next several days. Investors also have an eye on upcoming June CPI and retail sales data, along with congressional testimony from Federal Reserve Chair Kevin Warsh. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Apple (AAPL) is suing OpenAI, accusing the ChatGPT maker and its hardware chief Tang Tan of engaging in a coordinated effort to steal secret trade information about upcoming products, 34B investment in its.
The major averages closed broadly lower as President Donald Trump said he was reinstating a blockade on Iranian shipping through the Strait of Hormuz, even going so far in a social media post as to call the U.S. the "Guardian of the Hormuz Strait." Oil prices surged after the news, reviving concerns that higher energy costs could complicate the inflation outlook.
Meanwhile, this week marks the unofficial start of second-quarter earnings season, with major U.S. banks set to report over the next several days.
Investors also have an eye on upcoming June CPI and retail sales data, along with congressional testimony from Federal Reserve Chair Kevin Warsh.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1.
STOCK NEWS: Apple (AAPL) is suing OpenAI, accusing the ChatGPT maker and its hardware chief Tang Tan of engaging in a coordinated effort to steal secret trade information about upcoming products, 34B investment in its.