23 Jun What’s likely to move the market
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching and what’s on the radar for the next session. Oil West Texas Intermediate crude oil futures fell 7.22% to settle at $68.51 on Monday. Brent crude futures dropped 7.18% and settled at $71.48. Both had seen run-ups after the conflict between Iran and Israel began. On Monday evening, President Donald Trump announced a ceasefire timeline between Israel and Iran on Truth Social. It’s unclear if Iran and Israel agree. The S & P Energy sector was Monday’s worst performing sector, down 2.5%. It is now 11% from the November high. We’ll be watching it Tuesday starting at 5 a.m. ET on CNBC’s ” Worldwide Exchange ” with Frank Holland. XLE 1M mountain The Energy Select Sector SPDR Fund (XLE) in the past month Iran, Israel and fertilizer Fertilizer stocks have jumped over the last month. Israel is a major exporter of nitrogen which is used to make it. Iran supplies several kinds of fertilizer. In the last month, Mosaic is up 2.7.% CF Industries is up 8.6% in the past month. ICL is up about 6% in a month. Thanks to CNBC stock man Tom Rotunno for keeping tabs on the fertilizer stocks and the reason behind their move. New York, New York Ahead of New York City’s hotly contested mayoral race, New York municipal bonds are getting a lot of attention. The iShares New York Muni Bond ETF (NYF) pays a dividend yield of 2.92% these days. The ETF itself is flat since the race really started to pick up steam. It is down 2.3% year to date. Thanks to CNBC contributor Michelle Caruso-Cabrera for keeping an eye on this one. NYF YTD mountain The iShares New York Muni Bond ETF (NYF) in 2025 Tesla’s robotaxi On the week of the partial rollout , Tesla shares jumped. The stock was up 8% Monday. It is now off 28% from the December high. Shares are up 40% in three months. Bloomberg News reported Monday that not everyone is as happy as the investors: Safety regulators are reportedly looking at several instances where robotaxis may have violated traffic rules. FedEx The shipping giant built by Fred Smith will report earnings Tuesday after the bell. Smith passed away over the weekend. ” Squawk Box ” did a touching tribute to the founder of the company, who remade the shipping business with an idea he first had in his 20s . Here’s the video if you missed it . The stock is flat over the past three months. Shares are down 27% from the July 2024 highs, but they are up more than 5% so far in June. FDX 1M mountain FedEx shares in the past month The sports trade Liberty Media Formula One Series C shares hit a new high on Monday. Madison Square Garden Sports is trading at its highest level since February. It is up 10% since last week’s announcement that the Buss family had sold a majority stake in the Los Angeles Lakers. MSGS controls the New York Rangers and New York Knicks. The stock ended the session up 2%. Madison Square Garden Entertainment , which controls the arena, Radio City Music Hall and the events business, is up 11% in a week. Shares are off 13% from the high. Manchester United is trading at year-to-date highs. The stock is on track for its best month since the fall of 2022. The stock is up 8% in a week. Atlanta Braves Holdings is up 8% in a week as well. The stock hit a high last week. It takes a team to follow sports. Thanks to Chris Hayes, Nick Wells and Adrian van Hauwermeiren, three of CNBC’s top scorers.