The article discusses the current market climate influenced by geopolitical tensions, particularly after the U.S. destroyed Iranian nuclear sites, which has led to rising oil prices nearing $80 per barrel and stronger U.S. dollar. Big Tech stocks are mostly lower except for Tesla, which is seeing gains due to its new robo-taxi rollout. Predictions from Bank of America suggest gold prices could soar to $4,000 per ounce amidst debt and uncertainty. Furthermore, impactful IPOs are noted, along with stock performance updates and significant market movements from various sectors.
The U.S. destroyed Iranian nuclear sites, raising the likelihood of retaliation against energy assets and a potential closure of the Strait of Hormuz.
Bank of America predicts gold prices could reach $4,000 per ounce in the coming year due to increasing debt crisis and geopolitical uncertainty.
Novo Nordisk has ended collaboration with Hims & Hers, resulting in a 27.4% plummet in HIMS stock as Wegovy access is cut.
Big Tech stocks are mostly lower, with Tesla gaining 4.7% as it rolls out robo-taxis in Texas.
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