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Oil Prices Surge on U.S.-Iran Talks Stalemate, Ignoring Inventory Build
Oil prices climbed sharply Thursday as stalled U.S.-Iran nuclear negotiations fueled supply concerns, with Brent crude rising to $72.02 and WTI gaining to $66.29, despite a significant U.S. inventory build.
Mortgage Rates Dip Below 6% Threshold, Yet Housing Stocks Face Persistent Headwinds
The average 30-year fixed mortgage rate declined to 5.98% this week, marking its first sub-6% reading since 2022. Despite the favorable rate move, major housing equities sold off sharply as broader market concerns and sector-specific challenges weighed on sentiment.
Oil Surges on Iran Talks, Eyes on OPEC+ Meeting and Inventories
Oil prices rallied Thursday, with Brent crude rising $1.17 to $72.02 and WTI gaining 87 cents to $66.29, driven by geopolitical tensions and anticipation of the upcoming OPEC+ meeting.
Brent Crude Surges Amid U.S.-Iran Talks, OPEC+ Meeting Looms
Brent crude futures rallied over 1.7% to surpass $72 per barrel, shrugging off a significant U.S. inventory build as geopolitical tensions from U.S.-Iran talks dominated trader focus. The OPEC+ alliance is set to meet March 1 to discuss April production levels.
Gold Holds Steady Amid Geopolitical Caution, Silver Slumps
Gold prices showed minimal movement Thursday, with spot gold edging slightly higher to $5,168.80 per ounce as traders remained cautious ahead of U.S.-Iran nuclear discussions. Silver fell sharply, losing 2.4%.
Bitcoin Retreats Below $67K as ETF Inflows Surge, Options Expiry Looms
Bitcoin declined 2.7% to $66,969 on Thursday, reversing earlier gains, despite substantial inflows into U.S. spot bitcoin ETFs. Ether also fell 3.6% to $1,991.59.
Indian Markets Stagnate Ahead of Key GDP Revision; IT Sector Slumps
Indian equity benchmarks ended nearly unchanged on Thursday, with the Nifty 50 edging up 0.06% to 25,496.55. Investor focus shifts to Friday's revised GDP figures and a critical base-year update.
Trade Desk Shares Tumble on Cautious Q1 Revenue Outlook, Analyst Downgrades
The Trade Desk (TTD) shares declined significantly following a first-quarter revenue outlook that disappointed investors, leading to analyst downgrades and a sharp after-hours sell-off.
Applied Materials Retreats from Record High Amid AI Sector Pullback
Applied Materials shares dropped 5.45% to $373.43 on Thursday, retreating from a 52-week high. The decline followed broader weakness in semiconductor and artificial intelligence stocks.
Nu Holdings Shares Tumble Despite Record Q4 Results as Investors Focus on Costs
Nu Holdings shares declined over 8% following its Q4 report, as record revenue and profit were overshadowed by concerns over higher costs and credit risk. The stock extended losses in after-hours trading.
Oracle Shares Dip Amid Analyst Upgrade and Cloud Expansion Focus
Oracle shares edged lower in Thursday trading despite an upgrade from Oppenheimer, which set a $185 price target. Investors are focused on upcoming fiscal Q3 results and the company's $45–$50 billion funding strategy.