Just The Facts

The opening of the Strait of Hormuz and a ceasefire between Israel and Lebanon sent stocks surging on Friday. The three major indices won out the week with the S&P and Nasdaq ending at record highs.

New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the very latest news on the conflict, and the impacts, updates can be found here.

Consumers aren't alone with their dread over the war's impact. Policymakers at a global economic meeting this past week feel it too, but they didn't stop there. It's the worst-case scenarios they fear most.

The war's impact on inflation last month at the wholesale level delivered a mixed message. The overall yearly PPI pace hit a three-year high, but the monthly pace was less than half most of the estimates.

The latest news on the war and the state of the ceasefire will again top the week's news. Here at home, consumer-focused reports on retail sales and sentiment, as well as more earnings, are also due out. 

Early tumbles and the recent surge since the start of the war have made for a wild ride on Wall Street. This level of volatility has to rank among the biggest in history, right? Turns out, it's not even that close.