CME/CBOE S&P
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The CFTC has sparked a potential revolution on Wall Street. Exchange stocks are dropping
Shares of exchange stocks are tumbling after the regulatory approval of perpetual futures for bitcoin ignited concerns that a new wave of trading products could be coming for Wall Street. CME Group, known for its derivatives and futures trading platforms, dropped more than 3% in Tuesday's session and is down around 9% the last two days. Cboe Global Markets, an exchange and derivatives network, plunged 8% in Tuesday trading, bringing its losses for this week to above 17%.
Equities lose steam while oil slips amid uncertain Middle East outlook
Equities lose steam while oil slips amid uncertain Middle East outlook NEW YORK/LONDON, June 9 : MSCI's global equities gauge lost ground on Tuesday as heavyweight U.S. technology stocks stumbled and investors opted for safer bets, while oil prices fell as updates from the Middle East brought little clarity on progress towards peace. On Monday, Iran and Israel had boosted hopes that tensions would ease as they said they would stop attacking each other. But U.S. President Donald Trump said on...