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Iran-Israel tensions: What's your hedging assets?
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Market Trades Higher, WWIII Not Here Yet | Market Moovers |

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Kevin Travers joined discussion · Apr 15 09:27
Market Trades Higher, WWIII Not Here Yet | Market Moovers |
Morning mooers! It is Monday, April 15th, the market is open and the world is still here. Q2 earnings are in full swing, with banks like Goldman Sachs reporting today.
My name is Kevin Travers, it is a beautiful spring day in Jersey City, and here are your top morning moovers.
MOOVERS
Speaking of second quarter earnings, $M&T Bank was the largest gainer on the S&P 500 at a 5.7% climb following its Q1 earnings. The bank's net income fell due to its commercial loans, but its 2024 predictions sent the stock into the green.
$Goldman Sachs climbed about 4% after reporting earnings that exceeded expectations.
$Charles Schwabgrew by 3% after their earnings.
$Salesforce was the largest decliner on the S&P, down 4.7% after a rumor the company was looking at purchasing Informatica, a cloud data company.
Market Trades Higher, WWIII Not Here Yet | Market Moovers |
SECTORS
Oil futures fell slightly after the conflict in the Middle East did not ignite after Iranian drone and missile strikes aimed at Israel did not damage the country. The attack came two weeks after an Israeli attack stuck an embassy in Syria, killing Iranian military Leaders. 99% of the 300 missiles and drones were successfully shot down by the U.S. French, UK, and Jordan Air defenses before hitting targets, the U.S. Secretary of State office said.
Though Iran has announced the retaliation has ended for now, Israeli leaders stated they would respond in kind, and the market awaits further conflict.
Market Trades Higher, WWIII Not Here Yet | Market Moovers |
RECAP
Indexes opened higher after the attack on Israel Saturday night proved less damaging than feared.
The$S&P 500 Index, climbed 0.82%, the $Dow Jones Industrial Average climbed about 0.87%, and the $Nasdaq Composite Index climbed about 0.12%.
MACRO
Investors are digesting macroeconomic inflation data from last week, including a hotter than expected CPI and PPI that was on the trend lower.
This week, investors can expect a wealth of commentary from Fed members in the form of speeches and appearances. The boring Fed Beige Book comes out Wednesday, a report that highlights economics updates from each Federal Reserve district.
Mooers, what are you watching today?
Source: Bloomberg, Dow Jones, CNBC, Reuters
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