"The S&P 500 is down 0.12%, or by about nine points. The Dow is down 0.36%, or by 178 points. The Nasdaq is down 0.26%, or by 64 points."
"According to President Trump, the latest ceasefire was warranted because Iran's government is seriously fractured. However, Iran hasn't committed to the ceasefire."
"Cannabis stocks could see a massive boost from news that President Trump told federal agencies to prepare for the imminent loosening of federal restrictions on cannabis."
"Stocks, like Tilray (TLRY), could soar by more than 40% over the next 12 months, with net revenue jumping 70% year over year to $24.1 million."
Major indices are experiencing a pullback, with the S&P 500 down 0.12%, the Dow down 0.36%, and the Nasdaq down 0.26%. Gold and Bitcoin are also down. Uncertainty remains regarding the war in Iran, as President Trump notes a fractured Iranian government, but Iran has not committed to a ceasefire. Cannabis stocks may benefit from President Trump's directive to prepare for loosening federal restrictions, with Tilray expected to see significant growth due to strong international revenue.
Read at 24/7 Wall St.
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