Here are stories Wall Street is watching on Tuesday, June 24.
Stocks (^DJI, ^GSPC, ^IXIC) are trading higher while oil prices (CL=F) are falling on hopes that tensions between Iran and Israel are cooling. Those hopes are also sending shares of defense stocks lower.
Broadcom (AVGO) is trading higher after being upgraded to Buy from Hold at HSBC.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
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It's time for Yahoo! Finance's Market Minute. US stocks jumping as Fed Chair Powell says in his testimony to Congress that the central bank can afford to wait on rate cuts. Investors also hoping a fragile US brokered ceasefire between Israel and Iran will hold. Oil prices extending its decline trading at near $64 a barrel amid that pause in the Israel-Iran conflict. The move in oil comes after the commodity did settle 7% lower on Monday. Also taking a move lower amid recent developments between Israel and Iran are defense stocks RTX and Lockheed Martin, retreating in today's trade amid the fragile ceasefire. And lastly Broadcom hitting a high as the HSBC upgrades that stock from hold to buy, HSBC noting it believes the company's application specific integrated circuit revenues will significantly beat market expectations. That's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below to track the best and worst performing stocks of the session.
