Oil futures ended Wednesday with a modest gain, with hopes for a rebound in demand during the summer driving season providing support — even as official U.S. data revealed weekly gains in crude and gasoline supplies, and a decline in gasoline consumption.
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You can't make this up:
Rate cuts are being priced-out, Ukraine struck Russian territory with US missiles, and Nvidia, $NVDA, fell after earnings.
Yet, the S&P 500 is now just ~1% away from entering new all time high territory.
Is the post-election rally back?
(a thread)
This is absolutely insane:
Nvidia, $NVDA, just erased $175 billion of market cap in 8 minutes.
At 9:32 AM ET, the stock peaked at $152.89 before falling to a low of $144.34 at 9:40 AM ET.
That's a -5.6% downswing in the world's largest public company in 8 minutes.
How is this… https://x.com/i/web/status/1859608776334025201
You can't make this up:
Rate cuts are being priced-out, Ukraine struck Russian territory with US missiles, and Nvidia, $NVDA, fell after earnings.
Yet, the S&P 500 is now just ~1% away from entering new all time high territory.
Is the post-election rally back?
(a thread)
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