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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Equity Handover US Stocks Shrug Off Middle East Tensions

Article By: ,  Head of Market Research
June 13, 2019 5:08 PM

Equity Handover: US Stocks Shrug Off Middle East Tensions


Headlines

  • US indices closed marginally higher, shrugging off geopolitical tensions in the Middle East.
  • Crude oil spiked 4% after an attack on two ships in the critical Strait of Hormuz, though it pared the gains to under 2% by the end of the day.
  • Energy stocks (XLE) were still the strongest sector on the day; Health Care (XLV) was the weakest.
  • In terms of macroeconomic events, traders are looking ahead to a series of economic reports out of China, as well as US retail sales tomorrow.
  • Stocks on the move:
    • Walt Disney (DIS) rose 4% on an upgrade from Morgan Stanley
    • Retailer RH (RH) surged 18% after reporting better-than-expected earnings
    • DryShips (DRYS) rallied 23% on news that it received a buyout offer from SPII Holdings
    • CrowdStrike (CRWD) gained another 19% to trade near $69 on its second day of trading, leaving shares up nearly 100% from yesterday’s IPO price of $34.

*There are no high-impact corporate announcements expected during tomorrow’s Asian session.*

Macroeconomic Calendar


*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.


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