"Semi-Irrational Chase" Sends Futures To Another Record High, Oil Drops On Iran Optimism
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Source: Zero Hedge
Published: 2026-05-07 22:27 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Asia, Iran, Technology & AI, Energy, Economy & Finance, Financial Markets, Tax & Budget, World News, Business & Economy, Asia Pacific, Technology
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Snippet:
The global market meltup is rolling on. US stock futures inch higher, but are off session highs, with oil falling for a third straight day as traders waited for updates on a potential US-Iran peace deal that would reopen oil flows through the Strait of Hormuz. As of 8:00am ET, S&P and Nasdaq futures were 0.1% higher, after the benchmarks notched back-to-back record highs.
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