FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
    Filters
      Symbols
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan

      Oil Surges 5% As Trump’s Ceasefire Hopes Dim, Bitcoin Slips Below $70,000: What’s Moving Markets Tuesday?

      U.S. equities traded in mixed, directionless territory midday Tuesday as a fresh surge in crude oil prices stoked stagflation fears, widening the gap between energy and defensive winners on one side and technology stocks on the other.

      Iran and Israel continued to trade strikes through Tuesday morning, and the Wall Street Journal reported that Saudi Arabia and the UAE were edging closer to joining the conflict against Tehran, adding yet another geopolitical dimension to an already fraught situation.

      The reality of the war contradicts claims made by President Donald Trump, who noted on Monday that the U.S. and Iran held “very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East” — a claim Iran’s officials flatly denied.

      WTI crude, as tracked by the United States Oil Fund (NYSE:USO), jumped 4.9% to $92.42 per barrel midday, now up 40% since the start of the month. Brent crude gained 4.2% to $104.14.

      The yield on the U.S. 10-year Treasury note climbed back to 4.39%, up approximately 4 basis points, reversing part of Monday’s decline as Iran’s denial of talks reignited uncertainty.

      The 2-year yield rose to 3.91% while the 30-year touched 4.94%. With energy prices still climbing and inflation expectations ratcheting higher, traders are no longer pricing in any Federal Reserve rate cuts in 2026 — a sharp reversal from the central bank’s own guidance last week, which still pointed to a 25-basis-point reduction this year.

      Across U.S. equity markets by midday Tuesday, performance was decidedly uneven. The S&P 500 inched up 0.1% to 6,590, while the Dow Jones Industrial Average added 0.4% to 46,402, propped up by defensive heavyweights, with Walmart Inc. (NYSE:WMT) up 2.4%.

      The Nasdaq 100 dipped 0.1% to 24,172. The Russell 2000 outperformed the large-cap universe, gaining 0.8% to 2,511.

      Within Magnificent Seven stocks, Microsoft Corp. (NASDAQ:MSFT) dropped 2.4%. lost 2.4%, Amazon.com Inc. (NASDAQ:AMZN) fell 1%, and Alphabet Inc. (NASDAQ:GOOGL) dropped over 2%, all weighed by rising real rates and growing concerns about the sustainability of AI capital expenditure in a high-energy-cost environment. 

      In crypto markets, Bitcoin (CRYPTO: BTC) fell 1.9% to below $70,000, weighed down by …

      Full story available on Benzinga.com

      Source: Benzinga

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud