Welcome to Markets Desk, here's what's moving markets right now.
Charter Communications is having its worst single day on record, and the reason is straightforward — the cable giant shed more broadband subscribers than Wall Street had penciled in, and that tells you the competitive pressure from fixed wireless and fiber hasn't eased. Investors had hoped the worst was behind Charter. Today's numbers say otherwise.
Turning to energy, crude is holding elevated and the oilfield services giants are telling you why. Both SLB and Halliburton said this week they expect prices to stay higher for longer in the wake of the Iran conflict, and that view is feeding directly into what consumers pay at the pump. The era of cheap gasoline is not making a quick return.
And in semiconductors, Nvidia is on track for its first record close in six months, and you can thank Intel for part of the lift. A strong week for chipmakers broadly has pushed Nvidia back into five trillion dollar territory, capping what analysts are calling an incredible stretch for the sector as artificial intelligence demand continues to underpin valuations.
That's the tape. Markets Desk, signing off the floor.["https://www.marketwatch.com/story/charters-stock-is-getting-hammered-heres-whats-fueling-its-worst-day-on-record-11f991a0?mod=mw_rss_topstories","https://www.marketwatch.com/story/why-crude-prices-wont-fall-back-to-levels-seen-before-the-iran-war-anytime-soon-9bdceed1?mod=mw_rss_topstories","https://www.marketwatch.com/story/nvidias-stock-heads-for-first-record-close-in-6-months-thanks-to-intel-21af7d28?mod=mw_rss_topstories","https://www.marketwatch.com/story/medicare-advantage-buyers-beware-the-rules-for-selling-plans-are-changing-and-could-harm-seniors-77f5daae?mod=mw_rss_topstories","https://www.ft.com/content/dbc08f0a-c5a2-4435-9627-70452fb268f9"]📺 Markets Desk · 8 PM Update · player loading…