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Wall Street was encouraged with the ongoing peace talks between the US and Iran. Meanwhile SpaceX tumbled for the 3rd straight session, closing in on its opening day price. With that, the indexes were mixed; the big board gained and Russell 2000 topped 3K, while tech-heavy NASDAQ and S&P 500 lost ground.
Equity futures point to a flattish opening this morning as investors monitor mostly optimistic updates on negotiations between the U.S. and Iran coming off the long holiday weekend.
Read more in the Morning Brew. https://t.co/BgOQlxqs1k
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Stocks rallied today with the signing of the US and Iran peace agreement. Dow Jones was our only index that failed to gain more than one percent. The deal included the reopening of the Strait of Hormuz, sending the price of oil lower.
The S&P 500 has shaken off a bit of volatility over the past week, bouncing near June 2nd highs after a -5% 6-day pullback.
Read more in the Weekly Market Guide. https://t.co/XxEYye1AQf
Equity futures point to a higher opening this morning as the market looks to rebound from yesterday's selloff that followed the June FOMC meeting.
Read more in the Morning Brew. https://t.co/V4LfSWl9TS
Most of us associate 529 accounts with college savings. They're flexible, allowing you to transfer assets to anyone for the purpose of furthering the education of your beneficiary. But did you know that a 529 can be a powerful estate planning tool, too? https://t.co/8KAEtQs4NL
Stocks took it on the chin today after the Federal Reserve held interest rates steady, but pointed at the chance of a rate hike later this year. Traders priced in a quarter-point hike by year end. Inflation has been pushed higher by rising oil prices from the conflict with Iran; however, crude oil was flat today.
Equity futures point to a mixed opening this morning after the major averages finished mostly lower in yesterday's action.
Read more in the Morning Brew. https://t.co/aIH7biWEIX
Drew O'Neil discusses what to expect with Kevin Warsh's arrival in the Federal Reserve along with his leadership style and influence around policy direction. https://t.co/FIJzQGhhNY
Kevin Warsh's first Federal Open Market Committee meeting as Fed chair comes at a complex moment for monetary policy. Raymond James Chief Investment Officer Larry Adam shares what June's meeting could signal for markets and the Fed's path forward: https://t.co/OaVvmhOCyd
Equity futures point to a modestly higher opening after stocks rallied yesterday. Headlines of a peace agreement between the U.S. and Iran sent oil prices sharply lower. Oil continues to move lower this morning.
Read more in the Morning Brew. https://t.co/ZkyhvK2Hai
A 529 plan can be a very helpful saving tool when it comes to planning for education expenses. Understand the basics of 529s and how they can work beyond just college savings. https://t.co/0VOlyR7b3x
Oil sank and stocks skyrocketed on news of a US -Iran peace deal to end hostilities and reopen the Strait of Hormuz. Dow Jones and Russell 2000 added to their records while Nasdaq grew 3%; "Texas Tea" was down 4%.