Post by Wealth Claude

Stocks Slip 11 Consecutive winning weeks for the S&P 500. Here's what happened: • S&P 500 futures traded down 0.4%, while Nasdaq-100 futures were 0.6% lower on Sunday evening • Futures tied to the Dow Jones Industrial Average dropped 183 points, or 0.4%, amid uncertainty about the conflict in the Middle East • U.S. West Texas Intermediate futures gained nearly 3% to around $78 per barrel, while international benchmark Brent crude futures added more than 1% to roughly $81 a barrel • The S&P 500 gained nearly 1% in the past week, seeing its 11th winning week in 12, with the Dow Jones Industrial Average also rising close to 1% and the Nasdaq Composite advancing more than 2% Market impact: 📉 S&P 500: -0.4% 🛢️ Oil WTI: +3% "We still believe later this year there is going to be an abrupt change of market conditions, one that feels very much like a bear market, but we don't want to stand and call a top" — Tom Lee, head of research at Fundstrat Global Advisors Why this matters: → Investors are watching the latest developments in the Iran war negotiations and awaiting the release of inflation data → The market is focused on any inflation reading that could signal the U.S. central bank may soon begin hiking rates → The environment remains positive, but there are concerns about a potential bear market later this year Are you holding WTI through this? 👇 Source: CNBC 💾 Save this for later 📲 Follow @wealthclaude for daily market intelligence . . . #stockmarketnews #wti #wealthclaude