VIDEO: Tariffs, Oil Spikes and Big Tech Earnings: Markets Brace for Monday
Plus why we’re closely tracking key support levels for the S&P 500 and the Nasdaq Composite.
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Chris Versace joins Julie Gillespie at TipRanks to discuss the fall in chip stocks despite Intel’s (INTC) blowout quarter, Brent crude breaking $100 for the first time since May after strikes on Saudi oil tankers, and the White House rolling out new tariffs on 60 countries — all heading into next week’s Fed meeting and Big Tech earnings from Microsoft (MSFT), Amazon (AMZN) and Meta (META).
We break down what’s driving the selloff, whether the oil spike will affect inflation, and what to watch over the weekend and early next week.
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At the time of publication, TheStreet Pro Portfolio was long AMZN, META and MSFT.
