Dow futures plunge 250 points: 5 things to know before Wall Street opens

Impact · against what's priced in

The spike in Brent crude above $108 acts as a positive catalyst for OXY by validating a geopolitical price premium that the market had previously discounted. Conversely, the 10-year Treasury yield hitting 5% creates a broad valuation headwind for the S&P 500.

OXY+0.40: Challenges what's priced in
The price assumes: The benefit from a sustained Strait of Hormuz shutdown lifting U.S. energy prices
The market has previously refused to pay for the impact of geopolitical conflict on energy prices, but Brent crude climbing above $108 due to Middle East supply risk provides concrete evidence of this premium.
What OXY's price assumes · Sep 10

Dow futures plunge 250 points: 5 things to know before Wall Street opens

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Dow futures plunge 250 points: 5 things to know before Wall Street opens

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Dow futures plunge 250 points: 5 things to know before Wall Street opens

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