US PMI Hits 2-Year High as Brent Breaks $105 and Lululemon Drops 13% episode artwork

EPISODE · Apr 23, 2026 · 12 MIN

US PMI Hits 2-Year High as Brent Breaks $105 and Lululemon Drops 13%

from Market Brief - After Hours

On today's episode of Market Brief – After Hours, the US intercepted three Iranian oil tankers in the Strait of Hormuz sending Brent crude surging above $105, while markets pulled back from intraday record highs as a sharp software selloff dragged Microsoft, Palantir, and Oracle sharply lower. The US Manufacturing PMI hit its strongest level since May 2022 and UK PMI data beat across the board, yet geopolitical fears overrode the strong fundamentals. United Rentals rocketed 23% on raised guidance, Texas Instruments surged 19% on earnings, while Lululemon tumbled 13% on a leadership shock and Wex collapsed 16% in a boardroom dispute. We break down the full picture across global equities, oil, EUR/USD, GBP/USD, AUD/USD, USD/JPY, gold, and silver. Hosted on Acast. See acast.com/privacy for more information.

On today's episode of Market Brief – After Hours, the US intercepted three Iranian oil tankers in the Strait of Hormuz sending Brent crude surging above $105, while markets pulled back from intraday record highs as a sharp software selloff dragged Microsoft, Palantir, and Oracle sharply lower. The US Manufacturing PMI hit its strongest level since May 2022 and UK PMI data beat across the board, yet geopolitical fears overrode the strong fundamentals. United Rentals rocketed 23% on raised guidance, Texas Instruments surged 19% on earnings, while Lululemon tumbled 13% on a leadership shock and Wex collapsed 16% in a boardroom dispute. We break down the full picture across global equities, oil, EUR/USD, GBP/USD, AUD/USD, USD/JPY, gold, and silver. Hosted on Acast. See acast.com/privacy for more information.

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US PMI Hits 2-Year High as Brent Breaks $105 and Lululemon Drops 13%

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How long is this episode of Market Brief - After Hours?

This episode is 12 minutes long.

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This episode was published on April 23, 2026.

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On today's episode of Market Brief – After Hours, the US intercepted three Iranian oil tankers in the Strait of Hormuz sending Brent crude surging above $105, while markets pulled back from intraday record highs as a sharp software selloff dragged...

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