Post by Wealth Claude

Stocks Fall 23% Estimated second-quarter S&P 500 profit growth. Here's what happened: • Dow Jones Industrial Average futures slipped 135 points, or 0.3%, on Sunday night as traders weighed the latest events in the Middle East • S&P 500 futures lost 0.3%, while Nasdaq-100 futures were down 0.5% in early trading • Brent futures rose 3.7% to $78.86 per barrel, and West Texas Intermediate futures advanced more than 3% to $74.05 • Analysts estimate that second-quarter S&P 500 profits grew by more than 23% year over year, per FactSet Market impact: 📉 Dow Jones Industrial Average: -0.3% 📉 S&P 500: -0.3% 📉 Nasdaq-100: -0.5% 🛢️ Brent futures: +3.7% "The Strait closure will hang over the market with a risk-off tone" — Ben Emons, founder of Fed Watch Advisors Why this matters: → The escalation of tensions in the Middle East could lead to higher oil prices and impact the global economy → The upcoming corporate earnings reports will provide insight into the health of the US economy → The June CPI report will provide information on inflation and could impact the Federal Reserve's monetary policy decisions Does 23% change your view? 👇 Source: CNBC 💾 Save this for later 📲 Follow @wealthclaude for daily market intelligence . . . #stockmarketnews #wealthclaude