Futures Ease While Investors Question Strength of U. S.
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Historical trends suggest inflation will be far stickier than anticipated.
Investing.com - U.S. stock futures edge lower after a strong rally on Wall Street driven by hopes that a U.S.-Iran peace deal could hold. Oil prices continue to retreat as traders bet the reopening of the Strait of Hormuz will help restore global crude supplies, although the abrupt cancellation of planned U.S.-Iran nuclear talks is raising questions about the durability of the agreement.
Progress toward a peace deal with Iran outweighed hawkish undertones from Fed Chair Kevin Warsh. Plus, the Knicks’ market impact.

<body><p>STORY: Wall Street's main indexes closed higher on Thursday, with the Dow ticking up more than a tenth of a percent, the S&P 500 adding more than 1% and the Nasdaq gaining nearly 2%.</p><p>The session began with oil prices sliding to their lowest levels since early March after the U.S. and Iran signed an interim agreement that extends the April ceasefire by another 60 days.</p><p>But Alexander Morris, CEO and chief investment officer at F/m Investments, warns that lower oil prices won't immediately ease other inflationary pressures.</p><p>"Certainly energy prices are set to come down and meaningfully so in the short run. But energy prices have been elevated for a while, and that influences way more than just the cost at the pump. That's the cost of fertilizer for the Northern Hemisphere. All of the plants that needed to be planted and immediately fertilized, they've been in the ground for weeks. So that is now baked into the price of our future soft commodities, grains, corn, soybeans, et cetera. So we're going to see this reverberate."</p><p>Investors on Thursday were still assessing Kevin Warsh's first press conference as Federal Reserve Chair a day earlier, in which he stressed the central bank would keep its focus on price stability but provide less guidance on the path of interest rates.</p><p>:: Archive</p><p>:: Intel</p><p>Among individual stock moves, semiconductor companies outperformed the rest of the market, with Intel's shares jumping more than 10.5% to a record high. President Donald Trump said Apple had agreed to work with Intel to design and manufacture its chips in the U.S. </p><p>Shares of Elon Musk's SpaceX shed 3.5%, falling for a second straight day. The stock had rallied sharply earlier in the week following last Friday's blockbuster market debut.</p><p>And shares of Kroger tumbled almost 8.5% after the grocer reported a lower-than-expected quarterly profit and kept its annual forecasts unchanged.</p><p>The U.S. stock and bond markets will be closed on Friday for the Juneteenth holiday.</p></body>
Zoetis (ZTS) concluded the recent trading session at $78.71, signifying a +1.88% move from its prior day's close.
Astrazeneca (AZN) concluded the recent trading session at $174.93, signifying a -1.66% move from its prior day's close.
In the closing of the recent trading day, VirTra, Inc. (VTSI) stood at $3.35, denoting a -1.33% move from the preceding trading day.
Intrusion Inc. (INTZ) concluded the recent trading session at $0.7, signifying a -13.32% move from its prior day's close.
Nucor (NUE) closed the most recent trading day at $243.83, moving 3.47% from the previous trading session.
In the closing of the recent trading day, Trane Technologies (TT) stood at $483.4, denoting a +2.3% move from the preceding trading day.
Ralph Lauren (RL) concluded the recent trading session at $413.01, signifying a +2.27% move from its prior day's close.
Donald Trump and Iranian President Masoud Pezeshkian signed a preliminary agreement on Wednesday in a bid to end the conflict between the two countries.
Western Midstream (WES) closed the most recent trading day at $42.96, moving 1.65% from the previous trading session.
In the latest trading session, Valero Energy (VLO) closed at $236.3, marking a -1.45% move from the previous day.
Twilio (TWLO) concluded the recent trading session at $186.17, signifying a -1.03% move from its prior day's close.
In the closing of the recent trading day, Vital Farms (VITL) stood at $10.41, denoting a -4.06% move from the preceding trading day.
United Airlines (UAL) concluded the recent trading session at $118.32, signifying a +2.15% move from its prior day's close.
The latest trading day saw Snap (SNAP) settling at $4.66, representing a -1.69% change from its previous close.
FEATURE SpaceX stock fell for a second straight day in a volatile Thursday session. Wednesday was the first time—ever—in the company’s short history of being publicly traded, and now it’s suffered its first-ever losing streak.
Stocks rose and gasoline prices continued to fall after the U.S. and Iran signed an interim peace agreement to wind down the war, capping a holiday-shortened week on a high note. Brent crude futures, the international oil benchmark, finished the day near flat at $79.85 a barrel, about $7.50 closer than they started the week to the prewar level of about $72.50. The recent drop in oil prices has already translated into relief at the pump for Americans: The average cost of a gallon of gasoline slipped below $4 for the first time in more than two months, according to AAA.
US equity indexes rose this week as the interim Iran peace agreement set the stage for reopening the
From the stock market to government debt and the greenback, investors enjoyed gains most of where they looked on Thursday, closing up their holiday-shortened week. Information Technology was the best performing sector for the day in the moments before the close up nearly 3%, a gain captured by the popular iShares U.S. Technology ETF. Wall Street analysts expect tech companies to grow earnings by 39% this year, which accounts for over half of the S&P 500 earnings growth for the year, data from Ned David Research show.
Major digital assets were weaker Thursday, with Bitcoin (BTC-USD) dropping below the $63,000 level.
Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index falling 1.6% and