Stocks Plunge Before the Open as Oil Prices Climb on U.S.-Iran Talks Uncertainty

In yesterday’s trading session, Wall Street’s three main equity benchmarks closed higher. Chip stocks rallied, led by a more than +7% gain in Intel (INTC) and Advanced Micro Devices (AMD) after Nikkei Asia reported that both companies had notified clients of plans to raise prices across all CPU series. Also, shares of space and satellite companies jumped after The Information reported that SpaceX plans to file a prospectus for an initial public offering as early as this week, with Globalstar (GSAT) and Rock ...