00:00 Speaker A
It’s time for Yahoo! Finance’s Market Minute. Markets are slipping in today’s session amid heightened tensions in the Middle East. The increased conflict has investors losing some of their appetite for riskier assets. That geopolitical risk also sending oil prices higher surging roughly 7% following Israel’s air strikes against Iran. Iran is the third largest oil producer within OPEC and increasing tensions could affect supply. Defense contractor Palantir, which has been benefiting from the AI boom, trading slightly higher as the conflict in the Middle East escalates. Competitors Northrop Grumman and RTX also saw their share prices rise. And the GEO Group seeing shares fall today after 4 detainees escaped an immigrant detention facility in Newark. The mayor of Newark saying that an uprising allowed undocumented immigrants to break out. And that’s your Yahoo! Finance Market Minute. For more on what’s trending on Yahoo! Finance, scan the QR code
