History says sell: Rare stock-oil divergence flashes red for bulls
MSN·- A rare market pattern has raised concerns for equity investors, as highlighted by Bluekurtic Market Insights. - On Thursday, the S&P 500 (SPY) and Nasdaq 100 (QQQ) gapped down over 1% at the market's open, a phenomenon seen only seven times in the last two decades. - This unusual occurrence coincided with a surge in oil prices (USO), indicating potential volatility in the market.Gold Gains Over 1%; US Manufacturing PMI Falls In June
benzinga_article·- U.S. stocks exhibited mixed performance, with the Dow rising 0.32% while the Nasdaq fell over 100 points. - The S&P Global manufacturing PMI was revised lower to 53.9 in June from 55.7, indicating a slowdown. - Notable movements included Progress Software Corp's shares rising 15% after strong quarterly results, whereas INLIF Ltd's dropped 45% due to a reverse stock split announcement.Trump to Iran: It is time to make a deal
Investinglive·- Trump states that reports of halted U.S.-Iran communication are false and that discussions have been ongoing, including recent days. - He emphasizes the urgency for Iran to reach a deal, highlighting that the current situation has lasted for 47 years. - Market reactions are slightly positive, as ongoing talks may lower the risk of escalation, with the NASDAQ and S&P indexes showing minor gains and crude oil prices modestly down to $93.03.