Source: Fortune
Summary
World shares mostly advanced on Friday, with technology-related shares driving the gains, while oil prices slipped due to concerns over the Iran war. The S&P 500 and Dow Jones Industrial Average futures edged higher, while the Nikkei 225 rose 1.2% and the Hang Seng gained 0.6%. Oil prices fell, with Brent crude down 0.5% to $75.94 per barrel. The US dollar fell to 161.71 Japanese yen.
Our Reading
The numbers tell one story.
Technology stocks led the gains, with Micron Technology jumping 4.5% and AMD surging 5.7%. The yen gained against the dollar after Japan’s Finance Minister announced plans to encourage big pension funds to invest more in domestic assets. The Iran war continues to impact oil prices, with Brent crude down 0.5%. The market is watching for developments in the conflict.
The market is pricing in a familiar script: uncertainty sparks volatility, and tech stocks shine in the midst of turmoil.
Author: Evan Null
