""The problem is that we didn't learn anything new. We're back in a place where we know less, not more, about how we find an off ramp to this war," said Art Hogan, chief market strategist at B Riley Wealth."
""The market is going to retrace some of the constructive action we saw over the last couple of days here.""
""Money market participants are no longer pricing in any easing from the Federal Reserve, per CME Group's FedWatch Tool.""
Wall Street's main indexes are expected to open lower following President Trump's announcement of intensified military operations in Iran. This shift dampens hopes for a quick resolution to the conflict. Oil prices surged, with Brent crude reaching $108 per barrel, and energy stocks rose in premarket trading. Market optimism earlier in the week has diminished, leading to significant declines in futures for major indexes. The ongoing Middle East conflict has resulted in substantial losses for global markets, with the S&P 500 and Nasdaq experiencing their largest monthly declines in a year.
Read at www.cbc.ca
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