Stocks Close To Breaking As Oil Soars; Nvidia, Micron Due - Investor's Business Daily
Why it matters: Oil volatility and tech earnings could swing market direction in days.
- S&P 500 fell to its lowest point of the year, logging a third straight weekly loss as investors digest heightened geopolitical risk.
- Crude oil spiked above $90 per barrel amid fears of an extended Iran‑Saudi conflict, lifting energy stocks but weighing on broader market sentiment.
- Nvidia and Micron face upcoming earnings releases, with analysts watching for guidance that might offset the oil‑driven sell‑off.
- Investor sentiment is divided: Investor's Business Daily warns of a prolonged conflict drag, while CNBC notes the market’s resilience despite the oil shock.
U.S. equities are hovering near a new low as oil prices surge on Iran‑related tensions, while looming earnings from Nvidia and Micron could become the next market catalyst.
