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The stock market is actually on track for a strong August, despite today's weakness. Dow Jones Market Data shows that all three major indexes were on pace to end the month above their historical averages. The Dow was up 1.4% for the month, outpacing its historical average of 1.1%.
A renewed Middle East conflict knocked stocks lower Monday. Zoom out, though, and August was a winning month led by tech earnings.
U.S. stocks were retreating, led by the Dow, but markets remained on course to finish the month solidly in the green.
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit
The energy sector was the only sector solidly in the green on Monday. Brent futures rose above $90 per barrel and WTI futures passed $85 per barrel. The S&P 500 was down 0.5%, while the tech-heavy Nasdaq fell 0.4%.
Tesla stock was rising Monday with investors waiting for more self-driving updates. Pothole avoidance is coming soon, according to Elon Musk. One Global ETF co-founder Gary Black says investors might be looking ahead to a Cybercab launch in Austin, Texas, later this week.
GE Vernova stock might be facing a new threat: Elon Musk. SpaceX and GE Vernova didn’t immediately respond to requests for comment. GE Vernova stock traded as low as $882.14 before recovering to $896.94, down 1.6% in early trading, while the and were off 0.4% and 0.6%, respectively.
Stocks were trading lower as geopolitical tensions flared and oil price spiked on the final trading day of August. The S&P 500 fell 0.5%, and the Nasdaq Composite was down 0.4%. Oil prices were higher after the U.S. and Iran exchanged strikes.
Oil prices jumped Monday morning after Tehran claimed a supertanker in the Strait of Hormuz caught fire after hitting mines and the U.S. and Iran traded attacks for the first time in weeks. Dow Jones futures fell modestly, though oil stocks rallied, including Chevron. The oil major has the pole position in Venezuela, which reportedly made progress toward a deal with the U.S. to develop and share the wealth from the country's massive oil resources.
The S&P 500 and Dow Jones Industrial Average have both tended to decline by 1.1% in September. Things don’t look much better for the Nasdaq Composite, either.
The S&P 500 is within 2% of its all-time high, but the VIX, Treasury yields, and historical patterns are drawing investor attention
Leveraged ETFs surged last week as strong earnings lifted Salesforce and Okta, while declines in AXT and D-Wave boosted inverse ETFs.
Traders increased bets of a Fed rate hike following Kevin Warsh's speech on Friday and a flare-up in Middle East hostilities.
Brent crude topped $90 a barrel after the U.S. attacked Iranian rocket launchers on Sunday, the first confirmed strike in about a month
It was another busy weekend for SpaceX launching a telescope for NASA. It ran into a hiccup with crew transport for the space agency as investors await more shares to unlock. Stock in Elon Musk’s rocket and artificial-intelligence company was down 0.8% in premarket trading at $140.34, while and futures were both down about 0.2%.
If a bear market is coming, now is the time for investors to brace their portfolios.
Stocks were heading for a negative open to start the week after renewed U.S. strikes on Iran and hawkish signals from the Federal Reserve sent jitters through markets. The S&P 500 was down 0.2% and Nasdaq futures were broadly flat. As we head into the final day of the month, the S&P 500 is up almost 3% and the Nasdaq has risen around 4%.
Investing.com - U.S. stock futures fell early Monday as renewed U.S.-Iran fighting pushed oil prices higher and added another layer of uncertainty for investors.