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Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifted through a quiet day of trading as AI stocks trimmed some of their sharp recent losses

Wall Street holds steadier as AI stocks recover some of last week's sharp losses

Wall Street holds steadier as AI stocks recover some of last week's sharp losses

Wall Street is holding steadier, as AI stocks trim some of their sharp recent losses

Strait of Hormuz Closure: Impact on Crude Oil Prices Amid US-Iran Conflict

Strait of Hormuz Closure: Impact on Crude Oil Prices Amid US-Iran Conflict

The closure of the Strait of Hormuz due to the US-Iran conflict has led to a significant oil supply disruption, with global oil supply falling by 13.6 million barrels per day. Despite this, crude oil prices have not spiraled out of control as expected. The Asian Development Bank reports that global inventories have been drawn down, and China's use of its domestic stockpiles has acted as a shock absorber. While spot prices surged, longer-dated futures rose less, indicating market adjustments. The situation remains fluid, with potential for further price volatility if the disruption continues.

Wall Street holds steadier as chip companies swing back upward

Wall Street holds steadier as chip companies swing back upward

Wall Street is holding steadier, as stocks of chip companies and other winners of the artificial intelligence-boom swing back upward on their roller-coaster ride

South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing

South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing

Asian shares are mostly higher but South Korea's Kospi has fallen nearly 5% as investors unload more stocks linked to artificial intelligence

Why oil prices haven't gone crazy despite 5 months of US-Iran war

Why oil prices haven't gone crazy despite 5 months of US-Iran war

By Anushree Mukherjee July 20 (Reuters) - As the United States and Israel went to war with Iran at the end of February, analysts predicted the price of crude oil could hit $150 a barrel or even rise as far as $200, with the fifth of global supply that transits the vital Strait of Hormuz suddenly cut

Wall Street futures rise, oil prices retreat despite an escalation in fighting by the US and Iran

Wall Street futures rise, oil prices retreat despite an escalation in fighting by the US and Iran

Wall Street futures were rising in premarket trading and oil prices retreated, but not before a gallon of gas in the U.S. breached the $4 level again

Oil Markets React to U.S.-Iran Tensions with Price Surge

Oil Markets React to U.S.-Iran Tensions with Price Surge

Oil Markets React to U.S.-Iran Tensions with Price Surge

AI stocks keep falling, while oil prices keep climbing

AI stocks keep falling, while oil prices keep climbing

More swings for computer chip companies and other AI winners are yanking stock markets lower

Oil Price Surge Nears $4 Per Gallon Amid U.S.-Iran Conflict

Oil Price Surge Nears $4 Per Gallon Amid U.S.-Iran Conflict

Oil prices have surged due to escalating tensions between the U.S. and Iran, with gasoline prices in the U.S. approaching $4 per gallon. The conflict has disrupted oil flows through the Strait of Hormuz, a critical waterway for global oil trade. The breakdown of a ceasefire and renewed hostilities have heightened fears of further disruptions. As a result, Brent crude futures rose by up to 4%, while U.S. West Texas Intermediate also saw significant gains.

China's Oil Strategy Mitigates Global Price Surge Amid Middle East Tensions

China's Oil Strategy Mitigates Global Price Surge Amid Middle East Tensions

China's Oil Strategy Mitigates Global Price Surge Amid Middle East Tensions

The sell-off for AI stars worsens, while oil prices keep jumping

The sell-off for AI stars worsens, while oil prices keep jumping

The sell-off for AI winners deepened and yanked stock markets lower worldwide