Mar. 17 at 10:19 PM
Evening Market Update 🌙
• US stocks moved slightly higher as investors balanced a modest rebound with rising oil prices driven by escalating conflict in the Middle East.
• Ongoing attacks between Iran and Israel, along with disruptions in the Strait of Hormuz, pushed crude oil and diesel prices higher, increasing concerns about global energy supply.
• Higher energy costs are complicating expectations for interest rate cuts, with the Federal Reserve likely to hold rates steady while investors also monitor major developments like Nvidia’s long-term growth outlook.
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