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Market Open — Jul 16, 2026, 05:00 UTC
Crude oil is surging over 9% amid military strikes! US futures are climbing higher this morning. The S&P 500 is up 0.38% to $7,572.4. NASDAQ Composite leads the charge, gaining 0.62% to $26,269.227. The Dow Jones is also positive, up 0.29% at $52,658.64.
Key takeaways
- Crude oil is surging over 9% amid military strikes!
- The S&P 500 is up 0.38% to $7,572.4.
- NASDAQ Composite leads the charge, gaining 0.62% to $26,269.227.
Transcript
Crude oil is surging over 9% amid military strikes! US futures are climbing higher this morning. The S&P 500 is up 0.38% to $7,572.4. NASDAQ Composite leads the charge, gaining 0.62% to $26,269.227. The Dow Jones is also positive, up 0.29% at $52,658.64. Geopolitical tensions are fueling this oil spike. Breaking news highlights US-Iran tensions over the Strait of Hormuz. In crypto, Ondo is soaring, up 17.1% to $0.3731. Morpho gains 4.7%, and Stellar climbs 3.7%. This shows some speculative appetite despite broader market fear. Today, the Fed's inflation outlook is key. The Beige Book indicates easing inflation pressures. Fed's Williams suggests moderation from "too-high" levels. Also, Warren Buffett endorsed Kevin Warsh for Fed Chair. My bold prediction: volatility remains king today. Expect crude oil to test $80 a barrel. Then watch for a potential late-day tech surge as traders digest Fed commentary. Stay sharp, stay informed. This is Market Open on rawfin.tv!
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