Crude oil prices were stable on Wednesday, due to an expectation from the market, regarding ceasefire agreement between Israel and Hezbollah. The ceasefire expectations were aligned with anticipation of OPEC+ meeting on Sunday, where the oil producing nations could delay a planned increase in oil output. Brent crude futures showed an upward movement of 32 cents, or 0.44% to $73.13 per barrel.
Open Flip
JPMorgan has filed for a new ETF that aims to provide exposure to Nasdaq-100 stocks while using options to hedge against market downturns, according to a recent SEC filing. The JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF will invest at least 80% of its assets in equity securities, while employing an options strategy to provide continuous market hedging, according to the filing.
Open Flip
Urban Outfitters' shares surged 14% after reporting a Q3 earnings beat, driven by rising sales at Free People and Anthropologie, despite declining sales at its namesake stores. The company sees a "remarkably resilient" consumer and is optimistic about holiday demand, but may close or downsize some Urban Outfitters stores in the coming years.
Open Flip
