Markets remain on edge however, with volatility in the Tech arena compounded by the ongoing geopolitical concerns. Headlines questioning whether the overall state of U.S.-Iran ceasefire can be preserved after the two sides exchanged attacks over the past 48 hours have propped up Energy prices. In the evening session, WTI Crude Oil is now above $74 per barrel. S&P e-minis and Nasdaq 100 index futures are down by about a decimal. Precious metals also remain under pressure, with higher oil price narrative and its inflationary implications supporting the US Dollar vis-a-vis an up-creep in yields and assumptions of tighter-for-longer Fed policy. This was further reinforced in today’s FOMC minutes from last month’s meeting tilting decidedly more hawkish.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
AZZ Inc. (AZZ) up 8.3%
ALSO HIGHER –
