"The markets are under pressure to start the session, with all three of the major stock market averages trading in the red. The U.S. is preparing for potential airstrikes on Iran amid escalating tensions, drawing comparisons to the situation leading up to the Iraq invasion in the early 2000s, though President Trump is hopeful for a deal. The uncertainty has sent the Brent oil price soaring to above the $71 per barrel threshold, while Exxon Mobil ( NYSE: XOM) is tacking on 1% today."
"In the tech sector, the Nasdaq Composite is being dragged lower by the likes of Tesla ( Nasdaq: TSLA), down 1%, Nvidia ( Nasdaq: NVDA), also down 1%, and Micron Technology ( Nasdaq; MU), which is tumbling by a steeper 2.6%. Fed official Neel Kashkari is making the media speaking rounds, reportedly indicating that from where he stands interest rates are close to neutral, though policymakers remain divided."
Major U.S. stock indexes opened lower, with the Dow down about 0.40%, the Nasdaq down 0.36% and the S&P 500 down 0.31%. The U.S. is preparing for potential airstrikes on Iran amid escalating tensions, and Brent crude surpassed $71 per barrel. Exxon Mobil gained roughly 1%. Walmart reported earnings showing higher-income households remain resilient while lower-income families struggle. Tech names including Tesla, Nvidia and Micron pressured the Nasdaq with respective declines. Fed official Neel Kashkari said interest rates appear close to neutral, but policymakers remain divided. Carvana shares fell after earnings, and a Microsoft director increased equity ownership.
Read at 24/7 Wall St.
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