Trump's Mixed Messages on Middle East Impact Market Volatility
Volatility may be receding, though the broad sentiment remains confounded by mixed message from President Trump regarding the Middle East as the White House attempts to threat the needle with comments that will ease the stress of the energy markets and avoid declaring victory prematurely. Indeed, Tuesday's rally was upended by late day tough rhetoric from the president on Truth Social threatening military consequences at 'levels never seen before' if Iran decides to put any mines in the Hormuz Strait, but also hinting at relief if the mines are removed.The markets appear to be swayed that cooler heads will likely prevail, with crude oil futures - the baromenter of geopolitical stress - continuing to back off the overnight highs toward $86. Energy was also the worst performing sector in the S&P 500 as Communication Services and Materials bounced. In the opening hour of the evening session, index futures are flat despite a constructive Q3 earnings update from Oracle.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Domoup 36.5%Auna SAup 17.1%The Beachbody Companyup 11.2%Oracleup 7.7%Franco-Nevadaup 2.4%DOWN AFTER EARNINGS -Groupondown 11.9%AeroVironmentdown 9.7%Westrock Coffeedown 6.2%loanDepotdown 3.6%Cadre Holdingsdown 3.1%
