"The markets are pulling back today with the U.S.-Iran conflict showing no signs of cooling in sight. All three of the major stock market averages opened in the red, including a nearly 1% drop in the Nasdaq Composite."
"President Trump is threatening to escalate after Iran rejected peace talks. The U.S. is reportedly weighing a 'final blow' that could involve ground troops and large-scale bombing."
"Brent crude is on track for its biggest monthly surge since 1990. WTI Crude oil is up 3.5% to almost $94 per barrel. Brent Crude is back above $100/barrel."
"AppLovin is under pressure after comments from Meta raised concerns about a more direct competitive push into AppLovin's turf."
The U.S.-Iran conflict is escalating, causing major stock market averages to decline, particularly the Nasdaq Composite, which dropped nearly 1%. President Trump is threatening further military action after Iran rejected peace talks. Oil prices are surging, with Brent crude surpassing $100 per barrel. The labor market remains stable, with jobless claims slightly below estimates. AppLovin faces pressure from Meta's competitive comments, while analysts are optimistic about Arm Holdings. Bitcoin miner Marathon Digital is using proceeds from bitcoin sales to buy back convertible notes.
Read at 24/7 Wall St.
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