The S&P 500 closed lower 3 of the last 4 sessions, ending up Tuesday at 6,816.63 to clock its weakest close because late November and listed below where it began the year. Issues around an extended U.S.-Iran war unclear financiers even as President Donald Trump‘s remarks used some break.
Why That Number Matters
Worldwide benchmark Brent crude acquired 5.8% Tuesday to $82.14 per barrel– its greatest because July 2024, having rose almost 20% in 2 sessions.
The Bull Countercase
Historically, the S&P 500 has actually balanced a loss of simply 0.9% in the month following significant geopolitical occasions, before acquiring 3.4% over the following 6 months, according to a CNN report that mentions information from strategists at Carson Group.
S&P 500 futures are presently at 6,782, down 42.75 points or 0.63%.
How The Previous Bet Played Out: The benchmark index opened Tuesday dramatically down at 6,800.26, indicating Polymarket punters called it properly. “Down” fixed on $420,090 in traded volume.
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