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US stocks closed within 0.5% of their record Wednesday as BlackRock’s earnings beat estimates and oil hit a one-month high amid the Iran war.
BlackRock shares surged 6.6% after assets under management hit a record $15.34 trillion, powered by ETF, private credit and infrastructure inflows.
Kalshi traders now price a 93% chance U.S. gas tops $4 a gallon by July's end, up from 56% two days ago, as Iran strikes resume.
IBM stock plunged 25% Tuesday, its worst day since 1987, after warning that clients are shifting budgets from software to AI-driven hardware.