The markets close a week totally dominated by the crisis in the Middle East and the latest news only adds fuel to the fire. The thing is Donald Trump would be considering taking Kharg Island to pressure Iran to reopen Strait of Hormuz. This week also highlighted the oil price increase that only puts more pressure on the fears of rising inflation globally. Given this, the DOW JONES Ind Average, S&P 500 y NASDAQ 100 fall at the close of Friday and the week in -0.96% to 45,577 points, -1.51% to 6,506 points and -2.01% to 21,647 points respectively.
Meanwhile, Iran continues attacks in the Persian Gulf and analysts warn that damage to oil plants would only result in a greater increase in the price of oil.
But he partial US government shutdown The weekly closing is also news, which could extend beyond 30 days. Meanwhile, the long lines at airports could get worse next week according to Yahoo Finance.
«What is happening now will seem like child’s play,» said the Transportation Secretary Sean Duffyin an appearance in CNBC on Thursday, warning about the week ahead. «I think we will see small airports closed. We will see long lines and air travel will practically come to a standstill.»
In addition, it is expected that next Friday a two-week recess at the Capitolwhich could imply the absence of legislators in Washington until mid-April.
The root of the problem lies in the temporary closure of the Department of Homeland Securitythe extensive government agency that includes various departments, such as the Immigration and Customs Enforcement (ICE), the Federal Emergency Management Agency (FEMA) and the Transportation Security Administration (TSA).
In corporate news, UBS Group Nhas achieved the final approval for a banking license in the United Statesin an attempt to expand its presence in North America according to Yahoo Finance.
UBS reported that it received approval from the US government to convert its US branch, UBS Bank USAin a bank with a national license.
«This license will strengthen our US banking platform, improve the way we serve our clients and financial advisors, and position us favorably for the next phase of growth, while maintaining the high standards for which UBS is known,» the publication stated. LinkedIn.
The financial services sector as a whole has suffered a decline over the last month, with a Featured ETF that replicates the behavior of the sector, registering a drop in 6.7% in that period. US bank stocks Citigroup y JPMorgan Chase have fallen approximately 5% and 7.5%, respectively, while Bank of America has experienced an even greater decline, from 11%.
With regards to economic data we had the number of oil rigs, Baker Hugheswith 414 compared to the previous 412 and count of active fields in the US, also from Baker Hugheswith 552 compared to the previous 553.
Among the winning actions we have Arm Hldg Sp ADR (+1.95% to 132.35 dollars), Dell Tech Rg-C(+0.85% to $158.09) and Verizon Comm (+1.09% to 50.02 dollars)
Arm Holdings rises after the rating improvement by HSBC of reduce to buy with a target price of 90 to 205 dollars quoting rising earnings estimates for the next period, according to Investing.
The firm noted that Arm is transitioning from a smartphone-dependent semiconductor IP company to becoming a major CPU beneficiary of AI servers which remains undervalued by the market.
HSBC noted that the Agentic AI is expanding the total addressable market for server CPUs, which should drive server unit growth higher. All of the major hyperscalers have Arm-based server CPUs and are migrating both to their architecture v9 like the Neoverse Computing Subsystemsdoubling its royalty income per chip.
The firm said it believes Arm will enter the commercial CPU businesswhich will significantly boost your income and profit potential.
Dell sube by benefiting from the Super Micro Computer crash for one criminal case against the co-founder of the second, according to Investing.
The United States accused Super Micro co-founder Yih-Shyan «Wally» Liawof illegally diverting thousands of million dollars in servers equipped with Nvidia technology to China in violation of US export controls. Prosecutors allege that Liaw and two others associated with the company sold the AI technology through a Southeast Asian company knowing it would be shipped to China.
They were also accused Ruei-Tsang «Steven» Chang, who served as manager at Super Micro Taiwan officey Ting-Wei «Willy» Suna third-party contractor described by US authorities as a «intermediary» who supposedly helped in the diversion.
Verizon goes up after receiving a improvement of your grade by several analysts, according to Marketbeat.
Oppenheimer has raised its target price from 50 to 56 dollars with a recommendation of “superior performance”.Citigroup increased its price target for shares 48 a 50dollars and gave the stock a recommendation of «buy»y Sanford C. Bernstein reiterated its rating of «performance in line with the market» and issued a price target of 48dollars.
Among the losing stocks we have Cnstlltn Ener Co (-10.87% to 282.06 dollars), Super Micro (-33.32% to $20.53) and Honeywell Intl (-3.27% to $221.55)
Constellation Energy falls not due to a specific event, but a combination of factors like the stock market crash where utility stocks have been punished. Additionally, uncertainty surrounding when the Federal Reserve will raise interest rates contributes to the bearish trend.
Super Micro Computer falls because of what we mentioned earlier about the rise in Dell shares.
HoneyWell falls after announcing the increased the size of its dollar-denominated debt buyback offer to $4.67 billion from $3.75 billionaccording to a press release issued today shared by Investing. The industrial conglomerate, with a market cap of $145.6 billionhas a total debt of approximately $35.6 billion.
The company announced Wednesday early participation results for its cash repurchase offers covering securities denominated in dollars and euros. Honeywell received 7,210 million dollars in offers for its securities in dollars and 2,600 million euros for its securities in euros before the early entry deadline.
Los Oil futures they go up a +2.54% at $97.98 y Brent +3.13% at 112.05 dollars.
He Orofalls a -2.22% to $4,503 per ounce and the Plata -4.42% at 68.07 dollars.
The pair EURUSD falls a -0.24% a 1.1561.
Bitcoinfalls a -0.37% to $70,254.
He US 10-year bond yield upload a +2.36% a 4.384 already 30 years +1.96% to 4,948.
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