Stock market today: Dow falls, S&P 500 and Nasdaq shake of early losses on Strait of Hormuz hopes
View original at finance.yahoo.comStock market today: Dow falls, S&P 500 and Nasdaq shake of early losses on Strait of Hormuz hopes US stocks shook off early losses on Thursday after Iran’s deputy foreign minister announced that Iran was drafting a protocol with Oman to manage traffic through the Strait of Hormuz…
What we drew from this source
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What I saw over time was a business with strong brand equity, a desirable physical footprint, and, most importantly, a group of teammates who care deeply about the customer
60% confidenceWe need to get back above the 200-day moving average at 6650, and bad stuff happens below the 200 day
60% confidenceTraders are pricing in the US to leave the Middle East before the end of April
60% confidenceThe Container Store acquisition is a critical step for the company, filling critical gaps in both retail and home services strategy
60% confidenceThe only way for oil prices to come down quickly would be a swift resolution that results in Iran reopening the strait, which could see front months of crude drop $20 per barrel very quickly on long liquidation
60% confidenceIran and Oman are drafting a protocol to supervise traffic through the Strait of Hormuz
60% confidenceThe company plans to aggressively pursue further acquisitions as it seeks to rebuild its home essentials empire
60% confidenceTo top it off, refined product exports have been restricted by China, Korea, Thailand, and Pakistan
60% confidenceTrump vowed to 'hit Iran hard' and 'send them back to the Stone Age'
60% confidenceOther countries should 'take it, protect it, use it for yourselves' regarding the Strait of Hormuz, because he views the US as independent of the strait
60% confidenceThe US would escalate its military operations before withdrawing from Iran in two to three weeks
60% confidenceStock and commodity markets continue to whipsaw according to Trump's latest comments on geopolitical developments. Bitcoin is largely following stocks' direction, though in the past few weeks it has showed reduced sensitivity to both good and bad news
60% confidenceAsian refiners have had to cut utilization rates due to a lack of crude oil, further exacerbating the supply situation
60% confidence
Data points we hold from this source
| Dow Jones Industrial Average · daily change | -0.13 percent |
| S&P 500 · daily change | 0.11 percent |
| S&P 500 · 200 day moving average | 6650 points |
| SpaceX · ipo target valuation | 2 trillion_USD |
| Bitcoin · daily change | -3 percent |
| Ford Motor Company · q1 sales change | -9 percent |