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Crude Oil Eyes Highest Close In 7 Weeks As Inventories Drop More Than Expected: Energy ETF, Stocks On The Move

By Piero Cingari
June 20, 2:17 PM
WTI light crude oil up 0.3% past $81/bbl, highest close since April. US crude, gasoline, distillate inventories decline, raising concerns of insufficient supply. Rising oil prices may impact inflation and US election. Biden admin may release more oil from strategic stockpile. Energy stocks rise 1.5% on Thursday.

HES

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S&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What’s Driving Markets Thursday?

By Piero Cingari
June 20, 1:41 PM
After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which dampened risk sentiment.

ACN

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4 minute read

Wall Street On Track To Resume Meteoric Climb, Nvidia Builds On Gains: Analyst Says ‘Now Until Later In The Month Is…Seasonally Worst Times’

By Shanthi Rexaline
June 20, 7:25 AM
U.S. stocks will likely carry over from where they left off as the market reopens after the Juneteenth holiday on Thursday. The major index futures were all uniformly higher, underpinned by the continued buoyancy in the tech space.

ACN

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Tweak: Wall Street Looks Jaded After Record Run As Traders Shift Focus To Retail Sales Data, Fed Speeches: ‘FOMO Still Rules The Market For AI-Related Stocks,’ Says Analyst

By Shanthi Rexaline
June 18, 7:30 AM
Tech optimism hasn’t worn out yet, with the Nasdaq futures pointing to a strong start for these stocks, while the Dow and S&P 500 futures were modestly lower.

AVGO