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Barchart
Rich Asplund

Stocks Pressured by Higher Oil Prices

Oil Nasdaq Thom Tillis United States Donald Trump Iran ARE OpenAI Kevin Warsh Dow Jones Industrial Average

The S&P 500 Index ($SPX) (SPY) today is unchanged, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.10%.  June E-mini S&P futures (ESM26) are down -0.02%, and June E-mini Nasdaq futures (NQM26) are down -0.25%.

Stock indexes are seeing some downward pressure today from today’s +2% rally in WTI crude oil prices.  However, chip stocks are seeing support after Qualcomm rallied more than +3% on a report by TF International Securities that Qualcomm is working with OpenAI and Taiwan’s MediaTek to develop smartphone processors. 

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