Markets Close Higher Ahead of Trump Primetime Speech

American intelligence officials say the drone attack on a Saudi Arabian oil field was launched from Iran, as the President says the U.S. is ‘locked and loaded,’ ready to respond. The attack sent the Dow Industrials down Monday for the first time in nine days, as industries that rely on oil will suffer from higher prices. Christian Fromhertz, CEO of the Tribeca Trade Group, joined Cheddar to discuss the market implications of this attack.

The Dow neared a record high Friday around optimism of a potential U.S.-China trade deal. Jim Bianco, President and Macro Strategist at Bianco Research, joined Cheddar to discuss this and other factors that are moving markets.

The Dow, S&P 500, and Nasdaq closed up, while the Russell 2000 closed down after the stocks made a comeback from a volatile week. Mark Esposito, President and Founder of Esposito Securities, break down what contributed to the market reversal.