US stock futures plunge after Trump orders Strait of Hormuz blockade
U.S. stock futures fell over 1% after President Trump announced a blockade of the Strait of Hormuz, spooking energy markets.
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U.S. stock futures fell over 1% after President Trump announced a blockade of the Strait of Hormuz, spooking energy markets.
The S&P 500 slid 0.11% to 6,816.89, and the Dow fell 0.56%, even as the Nasdaq edged up 0.35%. The gains from the week's fragile ceasefire appear to be unraveling amid fresh energy pressures.
Crypto markets rose modestly overall, with Bitcoin and Ether inching higher over the past day.
U.S. major stock indices climbed sharply as easing Middle East tensions and lower crude prices boosted investor sentiment.
Stocks dropped sharply, with the S&P 500 down about 1.7%, the Dow off 1%, and the Nasdaq sinking around 2.4%, marking a correction for tech-heavy indexes.
Futures markets now price in meaningful odds of a Fed rate hike by year's end, reversing earlier expectations of cuts.
On Friday, March 20, U.S. equity markets dropped sharply across the board-S&P 500 down 1.5%, Dow off 1%, Nasdaq down 2%-as rising oil prices and spiking bond yields damped hopes for near-term rate cuts.
Citigroup trimmed its 12-month price targets for Bitcoin and Ethereum, citing delays in U.S. crypto regulatory action.
The Federal Reserve held its benchmark rate at 3.50-3.75% and signaled only one cut this year-burying hopes for faster relief.
February's Consumer Price Index rose 0.3% month-over-month, or 2.4% year-over-year; core CPI (excluding food and energy) also ticked up 0.2% m/m, 2.5% y/y.
Wall Street indexes held steady after the CPI release, showing limited reaction - investors largely expected the inflation numbers.
Bitcoin rebounded above $71,000, buoyed by easing Middle East tensions and growing institutional infrastructure support.
Cryptocurrencies slid as equities wobbled and rate pause bets remained strong.
U.S. markets slumped Friday as oil surged and a softer-than-expected payrolls report rattled investors.
Boston Fed President Susan Collins said Friday that interest rates probably won't budge soon.
Bitcoin swung wildly-down around 4% to $63K over the weekend, then rebounded above $67K, settling near $66K.
U.S. stocks slipped around 0.3%, while oil and natural gas prices jumped as investors digested escalating conflict in the Middle East.
Treasury yields unexpectedly climbed as oil-driven inflation worries crept back in, shaking bonds.
The S&P 500 and Nasdaq ended lower on Wednesday, while the Dow Jones recorded gains. Disney announced a new CEO, leading to a positive market reaction.
U.S. stocks dropped sharply after President Trump raised global tariffs to 15%, up from 10%, following a Supreme Court ruling striking down his earlier tariff plan. Major indices fell: S&P 500 down ~1.2%, Dow lost ~800-835 points, Nasdaq off ~1.3%.