Stock Market

Stocks traded lower Friday amid more geopolitical tensions with Iran. Oil prices jumped after Iran’s Revolutionary Guard Corps captured a British oil tanker in the Strait of Hormuz, a major thoroughfare for global oil shipments. Source: Shutterstock Geopolitical tensions, however fleeting, often prompt traders to move into safer assets, such as the dollar or U.S.
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Stocks started Thursday in the red due in large part to a weak earnings report from Netflix (NASDAQ:NFLX). Shares of the streaming media giant plunged nearly 11% on volume that was more than quadruple the daily average. This after the company said it added just 2.83 million subscribers in the second quarter, well below expectations
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Friday market action in the summer months can be somewhat lethargic, but investors got a respite from that scenario today. One of the driving forces behind the Friday rally was the lingering belief that the Federal Reserve will cut interest rates later this month. Source: Shutterstock That was enough to power the Nasdaq Composite higher
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In a market that is highly beholden to comments from the Federal Reserve, sometimes all it takes is some positive commentary on that front to boost stocks. That was the case Wednesday as the major U.S. equity benchmarks traded higher following prepared testimony from Federal Reserve Chair Jerome Powell. Source: Shutterstock Add to that, the
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