AI Bias Analysis
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Concerns included international growth, margin compression as well as pressures from inflation, energy costs and potential supply chain disruptions.
Source
CNBC
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Sam McKinney, KeyBanc Capital Markets vice president and equity research analyst, said that while US steel mills have mostly hedged rising electricity costs with long term contracts, they are impacted by increasing diesel prices to ship steel by truck and rail route. On the other side of the coin, steel hasn't seen a drop in value in in the face of the war, as investors look to steel stocks to hedge against inflation. (Source: Bloomberg)
The Dow turns 130 years old, and despite its recent underperformance, it still remains relevant to most investors.
Options volumes leaned bullish in both the SPDR Gold ETF (GLD) and VanEck Gold Miners ETF (GDX) on Tuesday.
Enhanced Group Inc. shares fell to an all-time low after its inaugural sports-entertainment event was marred by technical problems and questions over its only world-record performance, disappointing investors weeks after its public listing.
