Stocks Rebound as Crude Oil Falls on Hopes for a US-Iran Deal
View original at nasdaq.comStocks Rebound as Crude Oil Falls on Hopes for a US-Iran Deal The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.20%…
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The latest US proposal has narrowed the gaps between the two sides
60% confidenceGlobal oil inventories declined at a rate of about 4 million bpd in March and April, and the market will remain severely undersupplied until October even if the conflict ends next month
60% confidenceQ1 S&P 500 earnings are projected to climb +12% y/y
60% confidenceThe current disruption has drawn down nearly 500 million bbl from global crude stockpiles, with the drawdown potentially reaching 1 billion bbl by June
60% confidenceEnriched uranium must stay in Iran, as sending the material abroad would leave the country more vulnerable to future attacks by the US and Israel
60% confidenceHe called off a strike on Iran scheduled for Tuesday after Gulf allies asked for more time to give diplomacy a chance
60% confidenceThe employment side of the Fed's dual mandate is mostly stable, but right now there is a pretty significant inflation problem developing
60% confidenceKroger is considering significant price cuts to win back market share
60% confidenceThere are some good signs that a deal with Iran could be reached
60% confidence