Oksana Koneva

Brent drops 1.5 percent to $105 as Saudi Arabia intercepts missiles, Gary Black notes

Brent drops 1.5 percent to $105 as Saudi Arabia intercepts missiles, Gary Black notes
U.S. stocks mixed as chip selloff continues

U.S. stocks were mixed in pre-market trading, with the SPX unchanged and the NDX down 0.4 percent, as the global chip sector selloff continued and Samsung along with SK Hynix plunged in Asia.

Brent crude fell 1.5 percent to $105 after Saudi Arabia intercepted Houthi missiles and U.S. President Donald Trump threatened to get involved on Saudi Arabia’s behalf. Gary Black shared this market update.

Gary Black has recently commented on falling U.S. stocks as Brent crude rose to $104 and 10-year yields climbed to 5.33 percent, as reported here. He also expressed skepticism over the proposed Starbucks and Chipotle merger, citing insufficient brand overlap in a previous update here. These observations reflect his ongoing coverage of major market and corporate events.

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