Amrize

Live Updates Live Coverage Updates appear automatically as they are published. Oil Price 10:00 am by Gerelyn Terzo President Trump in a post on Truth Social has urged the world to keep oil prices lower or risk playing into the “hands of the enemy.” Meanwhile, Goldman Sachs has published a report saying the oil price could rise even further amid the threat of the closure of the Strait of Hormuz. The price of WTI oil is now hovering at $73.58. The Nasdaq Composite is up 0.34%. This article will be updated throughout the day, so check back often for more daily updates. The markets are in wait and see mode. The U.S. destroyed Iranian nuclear sites, raising the likelihood that the Middle Eastern nation is set to target key energy assets or move to close the Strait of Hormuz. The price of Brent oil soared to almost $80 per barrel, a level it hasn’t seen in months amid the escalating Middle East conflict. The U.S. dollar is increasing against other currencies on Monday. Big Tech stocks are mostly lower with the exception of Tesla (Nasdaq: TSLA), which is gaining 4.7% amid the beta rollout of robo-taxis in Texas. Meanwhile, Bank of America predicts that the price of gold could soar as high as $4,000 per ounce in the coming year, owing to the debt crisis and geopolitical uncertainty. Another IPO is making its stock market debut today. Cement maker Amrize (NYSE: AMRZ), the U.S. division of Swiss parent Holcim, began trading on the NYSE. The stock’s market capitalization rose to $28.3 billion in early morning trading. Separately, home sales data is due out later this morning. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 24.97 (+0.06%) Nasdaq Composite: Up 4.03 (+0.01%) S&P 500: Up 11.31 (+0.21%) Market Movers Novo Nordisk (NYSE: NVO) has reportedly shuttered collaboration with Hims & Hers Health (NYSE: HIMS). As a result, direct access to the popular weight-loss drug Wegovy will no longer be available through Hims & Hers Health, per Reuters. HIMS stock is plummeting by 27.4%. DoorDash (Nasdaq: DASH) is gaining 3.5% after Wall Street firm Raymond James upgraded the stock to a “strong buy” with a bullish $260 price target attached. The post Live Nasdaq Composite: Markets Hold Steady, Oil Price Soars Amid Mideast Escalation appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Live Updates Live Coverage Updates appear automatically as they are published. Interest Rate Tailwind 10:30 am by Gerelyn Terzo In a week heavy with Fed speakers making the rounds, Federal Reserve Governor Michelle Bowman would support an interest rate cut at next month’s FOMC meeting with the caveat that inflation continues to cool in the economy. Bowman said in prepared statements, “Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market.” Last week, Governor Christopher Waller reportedly shared a similar point of view. The SPY ETF is now up 0.54%. This article will be updated throughout the day, so check back often for more daily updates. The markets have turned decidedly higher in mid-morning trading, with all three of the major stock market averages seeing green. The U.S. has targeted Iranian nuclear sites, while the Middle Eastern nation threatens to retaliate against key energy assets or close the Strait of Hormuz. In response to this escalating situation, the price of Brent crude oil has surged to nearly $80 per barrel, a level not witnessed in months. Meanwhile, the U.S. dollar is strengthening against other major currencies. The SPDR S&P 500 ETF (SPY) is gaining 0.63%. Big Tech stocks are now mixed. Tesla (Nasdaq: TSLA) is having a good day, tacking on 4.7% amid the test launch of its robo-taxis in Texas. Adding to the commodity spotlight, Bank of America projects that gold prices could climb as high as $4,000 per ounce in the coming year, citing the ongoing debt crisis and persistent geopolitical uncertainty. On the IPO front, cement maker Amrize (NYSE: AMRZ), the U.S. arm of Swiss parent Holcim, began trading on the NYSE today, seeing its market capitalization swell to $28.3 billion in early morning activity. Market Movers Novo Nordisk (NYSE: NVO) has reportedly terminated its collaboration with Hims & Hers Health (NYSE: HIMS). In a blow to the telehealth company, direct access to the popular weight-loss drug Wegovy will no longer be available through the Hims & Hers Health platform, per Reuters. This news has sent HIMS stock plummeting by 27.4%. On a brighter note, DoorDash (Nasdaq: DASH) is advancing 3.5% after Wall Street firm Raymond James upgraded the stock to a “strong buy” and attached a bullish $260 price target. The post S&P 500 (NYSEARCA: SPY) Live: Markets Turn Higher in Face of Heightened Mideast Tensions appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Amrize CEO Jan Jenisch joins CNBC's 'Squawk on the Street' to discuss the company's debut on the NYSE, expectations for business around data centers, and more.» Mehr auf youtube.com