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The S&P 500 Index ($SPX) (SPY) is up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA), is up -0.
President Trump and Iran rejected each other's latest peace proposals, prolonging the Middle East standoff.
KEY POINTS
- Goldman Sachs estimates the Strait of Hormuz disruption has drawn nearly 500 million barrels from stockpiles.
- China's April exports and imports far exceeded expectations, signaling stronger global growth momentum.
- Swaps imply an 84% chance of a 25 bp ECB rate hike on June 11 due to energy price risks.
- Dream Finders Homes is reportedly close to announcing a $704 million offer to acquire Beazer Homes.
COMPANIES
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