Global stocks spent the week Balancing record highs against fresh geopolitical and policy shocks. A fragile US-Iran truce, a new Fed chair-in-waiting, and Apple’s surprising CEO succession As earnings season approached, investors had plenty to chew on.
What’s happening📈
The market is flirting with new records, but there are ups and downs. The S&P 500 recently hit a new all-time high near 7,100 after a rare 13-day winning streak, before resurgent ceasefire concerns gave back some of the gains. Earlier in the week, the index was down about 0.9% for the week, and key US benchmarks ended several sessions about 0.6% lower as investors prepared for a possible end to the ceasefire.Ceasefire extension brings relief to risky assets, but oil remains under pressure. The delay in talks to extend the US-Iran ceasefire and the closure of the Strait of Hormuz led to selling in the market, due to which the price of crude oil increased by almost 5% intraday. When President Donald Trump extended the time…
