The stock markets will wrap up the week with big moves from MarketAxess Holdings (MKTX). Shares gained 7.46% yesterday after reporting a record $45.2 billion in total credit average daily volume (“ADV”). This is up by 8.6% M/M and by 52.5% Y/Y.
In the energy sector, watch Valero Energy (VLO). The stock jumped by 6.15% in an attempt to break its downtrend that began in April 2024. VLO stock is up as crude oil prices jump.
Tensions between Israel and Iran may worsen. This could disrupt Iran’s oil exports, should the U.S. impose sanctions against the country.
Marathon Petroleum (MPC) jumped by 5.72% for the same reasons. Long-suffering energy investors may not want to add to the position until WTI crude prices rise for at least seven days in a row.
Bio-Techne (TECH) lost 4.43% yesterday on no news. The stock failed to break out above $80 in the last few months. The firm manufactures high-quality reagents.
In China, watch out for the stock rally to lose momentum. PDD Holdings (PDD), for example, erased its post-earnings losses by closing at $152.62. In August, the company expectedly warned investors that its growth was not sustainable. Despite posting strong growth and no signs of weakness, the forecast was unusual.
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