In tech, Nvidia (NASDAQ:NVDA) turned the corner after last week’s turbulent ride. Apple’s (NASDAQ:AAPL) planned launch of its new $599 iPhone 17e this week pushed the stock up slightly. Berkshire Hathaway (NYSE:BRKB) dipped after an earnings revenue miss.
U.S. stocks dipped this morning on geopolitical fallout from the conflict in Iran. Oil surged. In addition to last week’s hotter-than-expected inflation data, there are fears that high energy costs could push consumer prices upwards. This could delay any Federal Reserve rate cuts. However, markets had barely shifted by the end of the day as investors weighed the potential impact.
Investors will be watching the way the conflict unfolds in the coming days. Gold touched $5,400 an ounce as people turned to safe-haven assets, while Treasury yields rose. Bitcoin (CRYPTO:BTC) gained, which could signal a risk capital rotation rather than an exit.
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Emma Newbery has positions in Apple, Berkshire Hathaway, and Nvidia. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, Bitcoin, Nvidia, and Palantir Technologies. The Motley Fool has a disclosure policy.
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