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Oil Spike Sends Indexes Lower, but the Selloff Stays Shallow [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Average (DJINDICES: ^DJI) and Nasdaq Composite (NASDAQINDEX: ^IXIC) taking the hardest hits at 0.9% retreats. The S&P 500 (SNPINDEX: ^GSPC) held up slightly better with a 0.8% cut. The culprit? Another flare-up in the ongoing Iran conflict, which sent oil prices on a wild ride during the session. Crude oil spiked to $119 per barrel in early trading before pulling back to around $115. The Strait of Hormuz, through which roughly 20% of the world's oil passes on a normal day, remains the focal point of concern. Any disruption to that chokepoint can have immediate ripple effects across global energy markets, and traders are pricing in that macroeconomic threat. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » ^SPX data by YCharts The stocks that actually move these indexes didn't make big splashes, though. On t
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