Latest / MPC Markets Morning Call
Stocks Lower as Investors Remember there is a War going on
US equities pulled back from record territory on Thursday as an escalating naval standoff in the Strait of Hormuz overwhelmed a solid earnings season. The S&P 500 fell 0.4% to 7,108.97 after touching an intraday record of 7,147.78, the Nasdaq Composite dropped 0.9% to 24,438.50 — its biggest decline in a month — and the Dow slipped 0.4% to 49,309.33. Trump ordered the Navy to fire on Iranian boats laying mines in the strait and declared the US had “total control” of Hormuz, while Axios reported Iran had deployed additional mines. Brent crude surged 4% to $106.00 a barrel, extending its weekly…
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