Russia sends its first diesel tanker to the U.S. under a Trump-Putin deal. PBF, Marathon and Valero have soared in 2026. Can more supply break the trade?
WTI crude oil fell 2% after Iran's President signaled readiness to end war. Nasdaq QQQ surged 3.2% and VIX dropped 14.4%. Airlines and growth stocks led gains.
U.S. equities traded in mixed territory Friday morning as Wall Street weighed a stark downward revision to fourth-quarter economic growth against a sticky inflation reading prior to the oil shock of the war in Iran.
The S&P 500 hit fresh all-time highs during Christmas week, Tim Cook bought Nike, and precious metals delivered one of their strongest rallies in decades.
Risk aversion escalated on Wall Street Friday, with all major indices trading in the red, as investors remain skeptical about the stability of the banking sector in the wake of recent turmoil in the U.S. and Europe.
Cues From Friday's Trading:
During Thursday's broadcast of Benzinga's "PreMarket Prep" show, Christian Fromhertz, CEO of Tribeca Trading Group, said "this is a day trader's market right now" given the exceptional volatility seen in the last week.