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Goldman's David Solomon surprised by ‘benign’ market reaction to Iran war
Goldman Sachs CEO David Solomon noted oil prices rose 2.7% amid the Iran conflict while markets remain volatile but have shown a muted initial reaction.
- Goldman Sachs CEO David Solomon expressed surprise at the 'benign' market reaction to the Iran war despite its magnitude.
- U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average down 0.83%, the S&P 500 slipping 0.94%, and the Nasdaq Composite shedding 1.02%.
- Oil prices surged, with Brent crude futures up 2.7% and U.S. West Texas Intermediate futures climbing 2.3%, as energy strategists warned that prices could exceed $100 per barrel if the Strait of Hormuz remains closed.
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If the Asian market suffers from the conflict in the Middle East, the CAC 40 and more globally the European stock exchanges have all bounced back this Wednesday evening. What amazes Goldman Sachs' CEO, even though he notes that it will take a few more weeks to digest everything.
Goldman Sachs CEO David Solomon surprised by ‘benign’ market reaction to Iran war
Goldman Sachs CEO David Solomon voiced surprise at Wall Street's relatively calm response to the escalating Iran war, calling the market dip "more benign" than expected as the war against Iran's terror-supporting regime enters day five.
·New York, United States
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Coverage Details
Total News Sources16
Leaning Left1Leaning Right4Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
13%
C 37%
R 50%
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