Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-07-08T12:20:01+00:00
The hot summer weather has started to melt the bull thesis on stocks. Three moves in global markets have come to our attention that warrant monitoring: Chip stock slide:The Philadelphia Semiconductor Index (^SOX) has reached its lowest level in nearly a month. The index is now 15.95% below its mid-June highs, after just posting its best quarter ever in Q2. Bond market watch:The 30-year Treasury yield (^TNX) closed above 5% for the first time in nearly a month on Tuesday, at 5.06%. Overseas rout:South Korea's Kospi (^KS11) index, the world's best-performing market of this year, entered a bear market on Wednesday. That amounts to a 20% plunge from its peak of 9,386 as the tech-heavy index deals with valuation worries. What's behind the move:The stock market has come under renewed selling pre
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.