Keep pulling the thread on S&P 500.
West Texas Intermediate (WTI) crude oil prices dropped 7.9% in New York trading to approximately $91.28 per barrel.
A partial shutdown of the Strait of Hormuz is still in effect.
The most recent Consumer Price Index (CPI) reading showed a month-on-month headline inflation increase of 0.9%, largely driven by gasoline prices.
The United States and Iran are planning a second round of peace talks in the coming days.
In peace negotiations, Iran has offered a 3-to-5 year commitment to halt its nuclear program.
The United States was reportedly asking Iran for a 20-year commitment to halt its nuclear program.
The government of Lebanon does not have control over the actions of Hezbollah.
The S&P 500 index rose by nearly 1.2%, finishing just below a record high.
Oil production facilities in Qatar have sustained structural damage due to recent conflict.
The NASDAQ 100 index increased by approximately 1.8% in the last trading session, marking its 10th consecutive session of gains.
A 20-30% increase in input costs for energy and raw materials in the semiconductor business will have an inflationary effect and negatively impact earnings.
JPMorgan Chase and Wells Fargo are facing concerns about the compression of their net interest income.