S&P 500, NASDAQ edge lower
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Key Oil Price Spikes Over $100
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Technical analysis of the S&P 500 and silver price as they slide while EUR/GBP probes key support amid fears of a prolonged war in the Middle East.
Up Another 13% 23 hours ago Shares of HIMS are up another 13%, or by $3.10, on news that Novo Nordisk agreed to distribute its products through the Hims platform, ending a longstanding feud between the companies.
The index may be overdue for a decline.
U.S. equities closed sharply lower Thursday, with oil in focus after the Trump administration said the Navy isn't yet ready to escort tankers through the Strait of Hormuz. The Dow, S&P 500 and Nasdaq all finished at their lowest closing values since November.
The Dow, S&P 500, and Nasdaq rebounded sharply after President Trump suggested the conflict in Iran was going to end sooner than expected.
As of the close on March 11, the S&P 500 is just a short distance from its central mean trendline. Which is to say the level of the S&P 500 has finally returned to its established mean.
The classic way to bet on the direction of the S&P 500 Index is in the options market, buying puts or calls tied to a preset price.
Vertiv (VRT), a supplier of essential digital infrastructure and cooling solutions, jumped 9.3% on elevated volume following the announcement from S&P Dow Jones Indices..
Mike Wilson, Morgan Stanley's top strategist, said he's eyeing as much as 7% downside for the S&P 500 before stocks reverse course and rally.