The attack on Israel flared up long-standing tensions in the region, causing oil prices to jump. Some market analysts said prices could rise as high as $150 per barrel, but the initial shocks only sent prices back into the $90 range.
Last week, the FOMC met and reaffirmed the current target range for the Fed Funds Rate. However, one of the developments from this meeting was the guidance for interest rates in 2024. The FOMC released an update to their dot plot which saw median estimates for next year shift from 4.6 percent in June to 5.1 percent, effectively holding these interest rates at this elevated level well into next year.
US Markets Pull Back Sharply Despite Strong Tech Earnings as weak jobs data, hawkish Fed signals, and new tariffs weigh on investor sentiment.
Markets climb as big tech drives weekly gains, led by strong Nvidia earnings and easing trade tensions. Read more.
Earnings heat up as strong corporate results roll in, but markets stay cautious amid rising tariff fears. Explore what this tension means for investors.
S&P 500 Climbs 5% in June Amid Positive Market Week, with all five indices closing higher. Read more.
Markets climb as big tech drives weekly gains, led by strong Nvidia earnings and easing trade tensions. Read more.
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