Daily analysis before the close

Markets

Daily coverage of stock indices, sector moves, and the trends shaping trading sessions across Wall Street and beyond.

Oil Drops Below $75 a Barrel

Oil Drops Below $75 a Barrel

Crude oil prices tumbled roughly 4.4% Wednesday after the US and Iran signed a memorandum of understanding to reopen the Strait of Hormuz. USO dropped to 106.72, near its 52-week…

Roberto Anderson··5 min read
Wendy's (WEN) Stock Surges on CFO Hire

Wendy's (WEN) Stock Surges on CFO Hire

Wendy's stock surged 28% on June 21 after naming Steve Cirulis as CFO, triggering a retail-driven short squeeze. With 26.4% short interest and a 6.97% dividend yield, here is what…

Christina Shaw··6 min read
Broke USPS Asks Congress for a Cash Rescue

Broke USPS Asks Congress for a Cash Rescue

Postmaster General David Steiner told Congress that USPS is borrowing from employee retirement funds to stay operational, faces $31 billion in deferred obligations, and could hit negative $125.9 billion by…

Franklin Gonzales··5 min read
Oil Prices Fall to Pre Iran War Lows

Oil Prices Fall to Pre Iran War Lows

Crude oil fell to its lowest level since before the Iran conflict began, with USO dropping 3.77% as U.S.-Iran ceasefire talks in Switzerland raised expectations that the Strait of Hormuz…

Franklin Gonzales··5 min read