Stocks rally and oil falls after Strait of Hormuz reopens, Gary Black notes

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Andrey Mastykin

1 hour ago

Stocks rally and oil falls after Strait of Hormuz reopens, Gary Black notes — U.S. stocks rebound as oil falls

Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks rebounded Thursday as traders bought the dip following the swift end of U.S. strikes on Iran, which raised hopes for reopening the Strait of Hormuz.

According to Gary Black, oil and 10-year treasury yields declined, while technology shares gained even as investors shifted their expectations regarding interest rates.

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Earlier this week, Gary Black highlighted pre-market losses after weak chip guidance and a 50% decline in Bitcoin since October, adding to investor jitters in equities here. He also noted that AVGO benefited from Wall Street’s renewed interest in custom AI chips ahead of earnings here. Recent rebounds come as traders react to shifts in both geopolitical events and sector-specific news.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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