Commodities

The energy trade that paid off all spring has reversed in full. The two largest oil-and-gas equity funds have erased their entire Iran war rally, and the sector’s spring darlings are now its biggest losers. The Energy Select Sector SPDR Fund (NYSE:XLE), the broad sector benchmark, fell to $53...

U.S. stocks traded higher midway through trading, with the S&P 500 gaining around 1% on Thursday. The Dow traded up 0.30% to 51,641.89 while the NASDAQ rose 1.42% to 26,392.39. The S&P 500 also rose, gaining, 1.01% to 7,495.26. Leading and Lagging Sectors Information technology shares...

The Middle East trade may be entering a new phase. Oil prices have retreated sharply this week as signs of progress in U.S.-Iran talks eased some fears of a broader regional disruption. The United States Oil Fund (NYSE:USO), one of the most widely followed proxies for crude oil prices, has fallen...

Crude oil tumbled to a critical technical floor on Thursday as traders priced in the reopening of the Strait of Hormuz, a stunning reversal for a market that spent more than 100 days bracing for a shortage. West Texas Intermediate crude — tracked by the United States Oil Fund (NYSE:USO) — fell 3.3...

(Editor’s note: The headline, ETFs and economic data were updated.) U.S. stock futures rose on Thursday, as the Dow Jones, Nasdaq 100, and S&P 500 indices advanced, following Tuesday’s sharp sell-off. Weekly initial jobless claims edged down by 4,000 to a seasonally adjusted 226,000...

The global race to build data centers has accelerated to the point where Meta Platforms, Inc. (NASDAQ:META) has ditched conventional plans, pitching billion-dollar tent cities. The situation is known. AI needs servers, which need liquid cooling systems, advanced chips, and warehouse-sized computing...

Sen. Rand Paul (R-KY) has backed Washington’s agreement with Tehran, advocating for President Donald Trump‘s diplomatic efforts to end the war in Iran following the release of the 14-point Memorandum of Understanding (MoU). Rand Paul Denounces ‘Regime Change Wars’ In a post...

President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed the interim ceasefire agreement, giving both sides 60 days to agree to a permanent peace deal. The agreement extends the ceasefire announced in April by 60 days and includes the resumption of shipping through the...

On Wednesday, U.S. stock futures advanced as investors digested the Federal Reserve's decision to leave interest rates unchanged. Dow, S&P 500 And Nasdaq Futures Move Higher Dow futures rose 260.00 points, or 0.50%, to 51,779.00, while S&P 500 futures gained 54.25 points, or 0.73%, to 7,478...

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 200 points on Wednesday. The Dow traded up 0.39% to 52,201.98 while the NASDAQ rose 0.09% to 26,401.25. The S&P 500 also rose, gaining, 0.11% to 7,519.28. Leading and Lagging Sectors Industrials shares...

U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 0.1% on Wednesday. Following the market opening Wednesday, the Dow traded up 0.09% to 52,045.29 while the NASDAQ rose 0.33% to 26,462.69. The S&P 500 also rose, gaining, 0.05% to 7,514.84. Leading and...

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.) U.S. stock futures were mixed on Wednesday, as the Dow Jones fell, while the Nasdaq 100 and S&P 500 advanced, following Tuesday’s mixed close. U.S. retail and food services...

Oil markets are facing the risk of a significant supply overhang by 2027 as global production rebounds faster than demand growth, according to a recent outlook from the International Energy Agency on Wednesday. The agency said global oil supply could rise sharply in the coming years as Gulf...

A collapse in crude oil futures prices is poised to deliver savings to American motorists, with top economist Mohamed A. El-Erian predicting that regular gasoline and diesel will crash through the $4 and $5 thresholds, respectively, in the coming days. Imminent Relief at the Pump The nationwide...

Airline ticket fares may not get cheaper despite an agreement between Washington and Tehran that has caused oil prices to fall below $80/bbl. Limited Seat Availability, Steady Demand Analysts cited by Business Insider in a report on Tuesday said that airlines have little reason to roll back fares...