What changed
STOCKS CLIMB DESPITE IRAN UNCERTAINTY — S&P 500 EYES EIGHTH STRAIGHT WEEKLY GAIN
Nasdaq futures +0.11%, S&P 500 futures +0.13%. Rally driven by AI-related stocks. UBS Global Wealth Management's Mark Haefele: "Equities likely move higher over medium term" based on strong earnings and contained oil. UBS sees Brent at $105 by Sept, $95 year-end; Fed hike bar remains high.
Why it matters
Nasdaq futures +0.11%, S&P 500 futures +0.13%. Rally driven by AI-related stocks. UBS Global Wealth Management's Mark Haefele: "Equities likely move higher over medium term" based on strong earnings and contained oil. UBS sees Brent at $105 by Sept, $95 year-end; Fed hike bar remains high.