World & BusinessS&P 500 and oil reportedly swing after Hormuz reopening headline
A user describes a 0.5% S&P 500 jump and a 3% oil drop in five minutes after a Reuters report on US-Iran talks, followed by both moves starting to reverse.
TLDR
A September 24 post, citing Reuters, says the US and Iran were discussing a phased plan to reopen the Strait of Hormuz. The user describes the S&P 500 rising 0.5% and oil falling 3% in the same five-minute window after the report, with both moves then beginning to reverse. The user speculates that trading algorithms drove the swings before humans intervened to reverse them.
S&P 500 and oil reportedly swing after Hormuz reopening headline
A user describes a 0.5% S&P 500 jump and a 3% oil drop in five minutes after a Reuters report on US-Iran talks, followed by both moves starting to reverse.
TLDR
A September 24 post, citing Reuters, says the US and Iran were discussing a phased plan to reopen the Strait of Hormuz. The user describes the S&P 500 rising 0.5% and oil falling 3% in the same five-minute window after the report, with both moves then beginning to reverse. The user speculates that trading algorithms drove the swings before humans intervened to reverse them.
