Wall Street retreats from record highs before the bell as Iran war pushes oil above US$100 [BNN Bloomberg (Canada)]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: BNN Bloomberg
Futures for the S&P 500 lost 0.4 per cent before the opening bell, a day after hitting a record 7,137.90. Futures for the Dow Jones Industrial Average fell 0.6 per cent, while futures for the Nasdaq, also coming off a record high, dipped 0.4 per cent. A growing sense of unease over an end to the Iran war, which is in its eighth week, is weighing on investor sentiment as it's unclear when another round of peace talks will take place. Iran has fired on ships in the Strait of Hormuz despite the extension of a ceasefire from U.S. President Donald Trump. Global energy prices have surged on the Iran war energy shock. Brent crude, the international standard, was up $1.27 early Thursday at $103.18 per barrel. It was around $70 a barrel before the Iran war began in late February. Benchmark U.S. crude gained $1.21 to $94.17 per barrel. As hopes for a resolution between the U.S. and Iran fade and peace talks stall, the oil market “is having to reprice expectations,” ING Bank strategists
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- Wall Street retreats from record highs before the bell [Investment Executive - News]Investment Executive - News
- Stocks retreat and oil tops US$100 despite fresh records on Wall Street [BNN Bloomberg (Canada)]BNN Bloomberg
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- ING's page on the SEC website