Oil Price Surges, Dow Drops
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Stock futures fell sharply early Thursday, pointing to a rocky open as Wall Street grapples with a tragic plane crash involving Dow component Boeing (BA) and digests a blockbuster earnings report from software giant Oracle (ORCL).
Wholesale data showed milder inflationary pressures while Trump renewed his threat to impose "take it or leave it" tariffs on trading partners.
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Investor's Business Daily on MSNDow Jones Futures: S&P 500 Nears Highs, 5 Stocks In Buy Areas; Tesla Investors Should Focus On ThisThe S&P 500 and Nasdaq are rallying toward record highs. Palantir and eToro are in buy areas. Tesla investors should focus on the TSLA chart.
In Europe, the Stoxx Europe 600 dropped 1% in morning trading. Frontline rose 6.1% and Aker BP added 4.6%. On the other hand, Carnival slipped 5.1%, and Intl Consld Airlines sunk 4.9%. The FTSE 100 lost 0.6%. Other stocks in Europe were down as France's CAC 40 decreased 1.2% and Germany's DAX fell 1.4%.
US stock market opened volatile on June 12, 2025, as President Donald Trump announced a “done” trade deal with China, yet market reactions stayed cautious. Despite Trumps claim of a 55% China tariff,
Global markets were under pressure amid escalating Middle-East tensions, as US index futures fell, oil prices surged, and safe-haven gold approached record highs.
U.S. stock futures were rising on Wednesday early morning after data showed consumer prices rose less than expected in May. The Dow Jones Industrial Average futures were rising about 85 points, or 0.2%,
Futures tied to the S&P 500 and Dow Jones Industrial Average rose after the latest monthly inflation report. Consumer prices were up 2.4% in May from a year earlier, the Labor Department said Wednesday,
An OECD warning of economic damage from President Trump's tariffs has put investors on watch for progress in US trade talks.
A strong jobs report on Friday added more fuel to a rally that has lifted the S&P 500 to within 2.4% of its all-time high.
The major averages posted modest gains on Thursday, placing them on track for a winning week. Softer-than-anticipated inflation reports helped lift stocks.