From Investor’s Business Daily: 2024-04-14 11:27:41

Dow Jones futures will open Sunday evening after Israel thwarted Iran’s drone and missile attack, with 99% of the 300-plus projectiles shot down. Iran had vowed retaliation for an April 1 strike on its consulate in Damascus, but said the issue is now “concluded.” President Biden condemned the attack and will seek a diplomatic response with fellow G7 leaders. Bitcoin prices fell from $67,000 to $60,908 on Saturday before recovering to over $64,000. The stock market rally sold off Friday due to fears of an escalating conflict between Iran and Israel.

Tesla reduced prices for Full Self-Driving subscriptions from $199 to $99 a month. Salesforce is in talks to acquire Informatica. Earnings reports from Goldman Sachs, Charles Schwab, ASML, and Taiwan Semiconductor are coming up with big implications for the chip sector. The stock market closed the week with losses, the Nasdaq down 1.6% and the S&P 500 down 1.55%. Crude oil fell 1.4% to $85.66 a barrel while gold climbed 1.3% to $2,356.20 an ounce. The CBOE Volatility Index spiked Friday, indicating high market fear. Watchlist strategies are advised as market volatility continues.



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