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Bloomberg

Wall Street Banks Set to Pull in Almost $39 Billion From Trading

The biggest US banks set to kick off a marathon Tuesday with five of those firms reporting second-quarter earnings are reaping the benefits of a volatile past few months that's spurred more action from clients wanting to trade. Chris McGratty, Head of US Bank Research at KBW, previews what to expect from bank earnings.

Leia mais: Wall Street Banks Set to Pull in Almost $39 Billion From Trading
Bloomberg

Tech Stocks Slide as Oil Climbs on Hormuz Standoff

A selloff in tech giants sent stocks lower, with the market also falling as oil jumped after clashes over the Strait of Hormuz raised concerns about a disruption in energy supplies that could fuel inflation. Stuart Kaiser, Head: US Equity Trading Strategy at Citi gives his outlook on the markets and looks ahead to June CPI out Tuesday.

Leia mais: Tech Stocks Slide as Oil Climbs on Hormuz Standoff
Bloomberg

Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes

Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Ed Morse, Senior Advisor and Commodity Strategist at Hartree Partners, discusses what's next for energy markets amid uncertainty in the Strait of Hormuz.

Leia mais: Oil Rallies as Conflict Over Hormuz Escalates With Fresh Strikes
Bloomberg

MGM Rises on Takeover Bid; SK Hynix Falls on Memory Pullback | Stock Movers

On this episode of Stock Movers: - MGM Resorts International (MGM) shares are rising on a report regarding a potential takeover bid from Barry Diller. - SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to cause a hit to the American depositary receipts as well. The debate between the optimists and pessimists will continue, which should create volatility, according to Hendi Susanto, portfolio manager at Gabelli Funds. - Agenus (AGEN) shares are moving higher on news of a deal that it's selling up to $3540 million worth of securities.

Leia mais: MGM Rises on Takeover Bid; SK Hynix Falls on Memory Pullback | Stock Movers