U.S. says it can maintain Iran blockade indefinitely
U.S. officials say the naval blockade of Iran can be maintained “indefinitely,” while Treasury Secretary Scott Bessent warns of impending measures tied to the economic isolation campaign.
S. stock futures were mixed on Friday, as the Dow Jones index slipped and the Nasdaq 100 and S&P 500 indices rose, following Thursday’s higher close. S. ” The economic pressure campaign follows fresh Iranian attacks on vessels in the Strait of Hormuz, where falling shipping traffic has led the International Energy Agency to forecast a 4% drop in global oil supply this year.
The unchanged July Producer Price Index reading added to signs of easing inflation following Wednesday’s softer-than-expected Consumer Price Index report. 6% chance of no change. 15%. 6% likelihood of the Federal Reserve hiking the current interest rates during its September meeting.
08% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Friday. 3. Read Also: Stock Market: Will S&P 500 Open Up or Down Today? Stocks In Focus Applied Materials Applied Materials Inc.
81% despite posting better-than-expected financial results for the third quarter and issuing strong guidance for the current quarter. ’s Edge Stock Rankings indicate that AMAT maintains a strong price trend in the long and medium terms but a weak trend in the short term, with a poor value score. 81% after reporting mixed second-quarter financial results and cut its FY26 guidance below estimates. ’s Edge Stock Rankings indicate that GLOB maintains a strong price trend in the short and medium terms but a weak trend in the long term, with a poor quality score.
Workday Workday Inc. 47% following a nearly 18% rally a day earlier as ’s Edge Stock Rankings indicate that WDAY maintains a strong price trend in the short and medium terms but a weak trend in the long term, with a moderate growth score. Com Inc. 52% even though it returned to operating profit, but it saw its first-ever revenue decline since its 2014 IPO.
Edge Stock Rankings indicate that JD maintains a strong price trend in the long, short, and medium terms, with a good value score. Reddit Reddit Inc. 45% as S&P Dow Jones Indices announced the social media platform will replace AvalonBay Communities Inc. (NYSE: AVB ) in the benchmark index effective before the opening bell on Tuesday, August 18.
’s Edge Stock Rankings indicate that RDDT maintains a weak price trend in the short, long, and medium terms, with a good growth score. SanDisk SanDisk Corp. 70% as it announced that it expected revenue to grow at a mid-to-high-teens annual rate through fiscal 2028-2030, with adjusted gross margins near 80%, operating margins around 75%, and free cash flow at roughly 50% of revenue. ’s Edge Stock Rankings indicate that SNDK maintains a weak price trend in the short and medium terms but a strong trend in the long term, with a poor value score.
Read Also: Justin Wolfers Pushes Back on Scott Bessent's 'K-Shaped' Economy Is Dead Claim: 'Be a Little More Honest' Cues From Last Session Energy and materials stocks bucked the overall market trend to close lower on Thursday, while most S&P 500 sectors ended higher, led by big gains in tech, real estate, and communication services. S. equities rallied following fresh producer price index data. S.
stock market. He emphasizes that the S&P 500 Index’s push into record territory is driven by improving fundamentals rather than speculative hype. ” Market participation has also broadened beyond mega-cap leaders, evidenced by the S&P 500 Equal Weighted Index reaching new highs. However, Sagal cautions that ongoing risks like elevated oil prices, high interest rates, and geopolitical tension continue to impact valuations.
Declaring that “every strong roster has an injury report,” he advises investors to avoid overextending. S. Large Cap Equities and Information Technology on pullbacks while expanding into AI-linked areas like Electrical Equipment, Machinery, Banks, and Construction Materials. Upcoming Economic Data Here’s what investors will be keeping an eye on Friday.
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Commodities, Crypto, And Global Equity Markets Crude Oil WTI futures were trading higher in the early New York session