Last week’s market swings pushed the major averages below key levels, made macro calls outdated within a few hours and rattled some of most resilient stocks.
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Wall Street just had one of its wildest weeks in years. What happened and what could come next
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Video shows ships turning away from the Strait of Hormuz as confusion persists over whether sea lane is really open
Oil tankers are remaining cautious about sailing through the Strait of Hormuz after Iran declared Friday that the sea lane is open to commercial ships, video footage shows. Oil futures contracts tumbled Friday as the market interpreted the announcement from Tehran as a major breakthrough that will ease the massive disruption to global energy supplies. […]
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‘Too far, too fast’: Some investors warn the market’s rally may not last
The S & P 500 rose more than 1% Friday afternoon after Iran said it would open the Strait of Hormuz for the duration of the ceasefire between Israel and Lebanon. The ensuing surge brought the index’s gains over the past 13 sessions to more than 12%. But some investors on CNBC’s “Halftime Report” on […]
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Goldman says buy these dividend-paying energy stocks with upside potential
Energy stocks took a hit on Friday amid falling oil prices — and that could spell a buying opportunity for certain names favored by Goldman Sachs. Iran announced that the Strait of Hormuz was ” completely open ” earlier in the day, but President Donald Trump said the U.S. blockade was still active. Oil prices […]
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