economy
Tuesday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
Traders' optimism over a potential U.S.-Iran deal lifted the Dow Industrials to an intraday all-time high and closing record. Oil prices also cooled.
TL;DR
- Dow Industrials, NYSE Composite, and Russell 2000 hit new record highs.
- Housing starts data is scheduled for release; Toll Brothers, Hovnanian, D.R. Horton, Lennar, and PulteGroup are mentioned with recent stock performance.
- SpaceX options trading begins Tuesday; the stock gained nearly 20% on its second day of trading.
- Workday's stock is down 47% in a year, with an average price target of $173.56.
- Oil prices are in the low $80s per barrel, but the S&P Energy sector is down 7.3% in a month.
- ExxonMobil and Chevron shares are down significantly from their March highs.