LNG Cheniere Energy surged after hours as Qatar LNG facilities absorbed missile strikes overnight. The attack marked a dangerous escalation in the 19-day Iran war. Oil in Oman soared above $150 as buyers scrambled to replace Gulf barrels.
The Strait of Hormuz closure created massive dislocation between global benchmarks and physical supply costs. FT analysts warned Tehran's ability to prolong disruption "has a way to go". Oil climbed 3% today pushing back above $95 as energy infrastructure remained under threat.
European stocks closed mixed as traders monitored oil volatility. Asia-Pacific markets tumbled on prolonged conflict fears. The dollar gained on haven demand while gold slipped despite geopolitical chaos.
COST Costco CEO Ron Vachris addressed hot dog pricing speculation today. The $1.50 combo remains sacred to the $285B retailer's member value proposition. The stock held momentum as defensive consumer names attracted rotation flows.
Nvidia absorbed fresh political pressure as Elizabeth Warren warned Trump's chip deal approval would spike smartphone and laptop prices. The senator claimed "China wins, rest of us lose" framing the issue ahead of regulatory decisions.
Banks prepared to offload $18B in debt tied to the EA take-private deal testing junk bond appetite. JPMorgan halted $5.3B in Qualtrics debt as AI fears chilled demand risking high-profile hung transactions.
Drone maker Swarmer backed by Erik Prince jumped 500% in its Wall Street debut reaching $380M market cap. The defense IPO contrasted with broader capital markets staying frozen.
COOK Traeger short interest exploded to 181% of free float in three days showing unprecedented bear conviction. MC LVMH chairman Bernard Arnault filed $11.5M in purchases yesterday as luxury absorbed volatility.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
