Latest / MPC Markets Morning Call
momentum & Iran hopes drive stocks higher
Dow hits a record, oil slides 5%, and Trump calls talks Iran's "last chance." Wall Street kicked off August with a broad rally — S&P 500 +1.5%, Nasdaq +2.1% — driven by tech strength, a blockbuster earnings season, and hope for a diplomatic breakthrough on the Strait of Hormuz. Amazon topped $3 trillion in market cap, Palantir raised guidance after 93% revenue growth, and Boeing got FAA sign-off on the 737 MAX-7. In FX, Japan spent roughly $100 billion in two days defending the yen alongside the US Treasury. We cover the full overnight wrap and look ahead to SpaceX's first public earnings…
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