Key Market Insights Today
- The FDA approves Eli Lilly’s Alzheimer’s drug while the FTC blocks Tempur Sealy’s acquisition.
- Construction stocks face downgrades as streaming giant rides high on M&A whispers.
- The market reflects on the first half of 2024 at the midway point.
Oil Prices Flounder Despite Impending Hurricane
Despite the threat of Hurricane Beryl disrupting production, oil prices dip. WTI crude settles lower at $82.81 per barrel. Powell’s comments on inflation cause gold futures to drop slightly, with eyes on upcoming jobs data. Gold ends down at $2,335.30 an ounce.
