Aug. 31 at 5:05 PM
Every real mover on the Dow today traces back to one headline: the US struck Iranian targets near the Strait of Hormuz over the weekend, oil back above
$90/bbl.
$CVX is one of the few Dow gainers today, while
$GOOGL $AAPL $AMZN are all down 2%+ and the broader market is red. Fed rate-hike odds for the next meeting also jumped to 62% from ~40% a week ago on the inflation angle. First time in a while the story isn't AI capex or earnings, it's geopolitics + oil. Does an event-driven energy pop like this usually hold, or fade once the headlines cool?
