Good evening and welcome to Markets Desk.
U.S. forces struck Iranian rocket launchers near the Strait of Hormuz, marking the latest escalation in a series of military actions that began in late July. The Strait remains one of the world's most critical oil chokepoints, and any sustained disruption there carries immediate consequences for energy prices and global supply chains.
On the corporate side, DICK'S Sporting Goods director William Colombo stepped in with a notable show of conviction, purchasing six thousand one hundred shares at a weighted average of one hundred twenty eight dollars and seventy seven cents, committing nearly eight hundred thousand dollars of his own capital. Insider buying at this scale, following a sharp stock decline, often signals that someone close to the business believes the selloff has gone too far.
And in the ongoing conversation around AI infrastructure and power demand, Chevron and Caterpillar are both positioning themselves as unlikely beneficiaries of the electricity surge driven by data center buildout. Both companies carry dividend growth streaks exceeding thirty years, making this less a story about sector labels and more about which industrial giant is better placed to capture the energy transition tailwind.
That's the tape. Markets Desk, signing off the floor.
