Wheat Jumps 7% and Nasdaq's Longest Streak Since 1992 Snaps

On today's episode of Market Brief – After Hours, renewed war fears around the Strait of Hormuz snapped Nasdaq's 13-day winning streak — its longest since 1992 — as oil surged nearly 7% and wheat extended a massive weekly rally driven by drought and geopolitical supply chain disruptions. European equities fell broadly, airlines were crushed on both sides of the Atlantic, and UK consumer sentiment hit its lowest level since mid-2023. We break down the full picture across global equities, oil, wheat, EUR/USD, GBP/USD, AUD/USD, USD/CAD, gold, and today's biggest individual movers including TopBuild, American Airlines, Atlassian, and AST SpaceMobile. Hosted on Acast. See acast.com/privacy for more information.