Here Are Tuesday’s Best Wall Street Analyst Research Calls: Dynatrace, Emerson Electric, Exxon Mobil, Flutter Entertainment, Genuine Parts, nVent Electric, Palantir Technologies, Roku, and More Pre-Market Stock Futures: Futures are trading modestly higher after a stunning…
ening to the week, as all major indices rocketed higher. The announcement of a cease-fire deal with Iran, which the leaders in that country acknowledged, called for reopening the Strait of Hormuz toll-free
While details will still be worked out over the next 60 days, we are finally on track to conclude the fighting that has been ongoing since February. The tech-heavy Nasdaq was a huge winner on Monday, closing up 3.06% at 26,683, while the S&P 500 finished Monday up 1.65% at 7,554. The Dow Jones Industrial Average, which set a new all-time high, was last seen at 51,671, up 0.92%, while the small-cap-laden Russell 2000 finished the session up 0.72% at 2,973.
Treasury Bonds: Once again, as on Friday, yields were down across the entire Treasury curve as a combination of institutional buying and what was very likely short-covering pushed prices higher for government debt. Short-sellers had been leaning on Treasury debt as chatter of interest rate hikes has become louder over the last few months. Kevin Warsh, the new Federal Reserve Chairman, will hold his first meeting, and rates are expected to remain on hold.