Yahoo Finance
Stock market today: Dow, S&P 500, Nasdaq futures fall as the US and Iran fail to agree to peace, US blockades Hormuz
Global markets retreated sharply as U.S.-Iran tensions escalated following failed peace negotiations and a U.S. naval blockade of the Strait of Hormuz. The move threatens a critical chokepoint for global oil supply, with roughly 20% of the world's petroleum passing through the waterway daily. Investors fled to safe-haven assets as the prospect of prolonged conflict rattled confidence across equities.
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Goldman Sachs tops estimates on record equities trading, better-than-expected investment banking
Goldman Sachs delivered a blowout quarter, driven by record equities trading revenue as institutional investors repositioned portfolios amid AI-driven market volatility. Investment banking also outperformed expectations, signaling a broader revival in deal activity. The results underscore Goldman's dominance in markets businesses at a moment when Wall Street is capitalizing on historic levels of financial churn.
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The Only Artificial Intelligence (AI) Stock in the "Magnificent Seven" That's Worth Buying After the Correction
The AI-driven selloff has separated the pretenders from the true powerhouses, and one Magnificent Seven member stands alone as the dominant force in artificial intelligence infrastructure. While the broader correction has dragged down valuations across the sector, this company's competitive moat β from chips to cloud to software β remains firmly intact. For investors willing to act, the pullback offers a rare entry point into the defining tech story of the decade.
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