Stocks Mixed, Iran Tensions Loom, SpaceX Eyes $1.75T Valuation
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. stocks ended Thursday with a mixed performance, barely budging after initial volatility. The S&P 500 inched up by 0.11%, while the Nasdaq gained 0.18%. However, the Dow Jones Industrial Average dipped by 0.13%. Markets initially opened lower due to surging oil prices, but diplomatic developments in the Middle East led to a rebound. Traders favored utilities and shied away from consumer discretionary stocks, particularly Tesla, due to weak first-quarter deliveries. The market anticipates the Iran situation to resolve by fall, based on oil futures. Private credit faced instability with Blue Owl limiting withdrawals from two funds. SpaceXs secret filing for a public offering, aiming for a $1.75 trillion valuation, and rumors of Amazons potential buyout of Globalstar, added to market buzz. With markets closed for Good Friday, the nonfarm payroll report will be released on Friday, potentially influencing next weeks market trends.
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