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27.04.26 - 01:12
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Futures Slide, Oil Jumps To 3 Week High After Iran Talks Collapse (ZeroHedge)
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Futures Slide, Oil Jumps To 3 Week High After Iran Talks Collapse
Stocks futures fell and oil and the dollar jumped in early trading, as risk sentiment was dented after Trump scrapped his envoys' trip to Pakistan for Iran talks, breaking down momentum toward a second round of peace talks between the US and Iran, even as the Strait of Hormuz remains indefinitely blocked.
Futures contracts for the S&P 500 Index dropped 0.3% after the underlying index closed at a record on Friday, although with two-thirds of S&P constituents closing red: this was the second worst negative breadth all-time high for the S&P following the bizarre October record high when the S&P printed an ATH with 80% of stocks lower.
The last 2 all-time highs have been on negative breadth: Friday's record saw 324 SPX companies close lower; this was the 2nd worst negative breadth record only after Oct 28, 2025 when the S&P closed at a record with 80% of S&P companies red. pic.twitter.com/J5TBJZvvLS
— zerohedge (@zerohedge) A...
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