Breaking: Houthi forces attack Saudi Arabia; Brent crude closes Friday at $116.72, its highest level since April 29.
Brent rose 3.14% on the day, up 6% for the week.
U.S. WTI crude rose 3.8%, closing at $103.27 and holding firmly above $100.
The Dow plunged 652.82 points (-1.23%) the same day, closing at 52,215.16.
The S&P 500 fell 0.52%, while the Nasdaq slipped 0.21%.
The S&P 500 energy sector was the only one to rise, gaining 2.5% and setting a new all-time high.
The U.S. 10-year Treasury yield also climbed back to near 5%.
Next week, Microsoft, Google, and Amazon report earnings, and the Fed will also meet.
$SPYB 761.47｜$QQQB 705.72 (Binance spot, 10/24 20:36 Taipei time)
Key levels: If $SPYB holds above 759, look for a rebound to 775. If it breaks below 759, don't try to catch a falling knife.
Oil prices are going through the roof, and being stuck holding losing stocks is bad enough—now you even have to check the candlestick chart before filling up your scooter.
Image: Quintin Soloviev／Wikimedia Commons, CC BY 4.0
#美股 #油價 #CrudeOil
Brent rose 3.14% on the day, up 6% for the week.
U.S. WTI crude rose 3.8%, closing at $103.27 and holding firmly above $100.
The Dow plunged 652.82 points (-1.23%) the same day, closing at 52,215.16.
The S&P 500 fell 0.52%, while the Nasdaq slipped 0.21%.
The S&P 500 energy sector was the only one to rise, gaining 2.5% and setting a new all-time high.
The U.S. 10-year Treasury yield also climbed back to near 5%.
Next week, Microsoft, Google, and Amazon report earnings, and the Fed will also meet.
$SPYB 761.47｜$QQQB 705.72 (Binance spot, 10/24 20:36 Taipei time)
Key levels: If $SPYB holds above 759, look for a rebound to 775. If it breaks below 759, don't try to catch a falling knife.
Oil prices are going through the roof, and being stuck holding losing stocks is bad enough—now you even have to check the candlestick chart before filling up your scooter.
Image: Quintin Soloviev／Wikimedia Commons, CC BY 4.0
#美股 #油價 #CrudeOil