Investors received key economic insights and market developments on Thursday, as Brent crude futures showed an upward adjustment, climbing to $100 a barrel. This surge reflects ongoing concerns surrounding global oil supply, especially in the context of rising geopolitical tensions.
As part of the upcoming economic indicators, the personal consumption expenditures (PCE) price index is anticipated to be released at 8:30 a.m. ET on Friday. Featured live on “Squawk Box” with hosts Becky Quick, Joe Kernen, and Andrew Ross Sorkin, the PCE price index serves as a significant measure of inflation. Analysts from Dow Jones predict a 0.3% month-over-month increase and a year-over-year rise of 2.9%. Market reactions will be closely monitored as the data is disclosed.
Additionally, the second reading of gross domestic product (GDP) will also be announced at the same time, with expectations set for a 1.5% increase in the fourth quarter as per economists polled by Dow Jones. CNBC’s economics expert Steve Liesman will delve into the implications of soaring oil prices on future growth forecasts.
In the consumer sector, grocery retailer Kroger achieved new heights on Thursday, marking a significant recovery since its IPO in 1977. The stock has seen a remarkable increase of about 10% since the onset of the war, contributing to a total rise of roughly 20% in 2026 alone. Similarly, agricultural giant Archer-Daniels-Midland reached a 26-month high, buoyed by a 5% increase since the conflict began and a total gain of 26% this year.
On the cybersecurity front, SentinelOne’s CEO Tomer Weingarten is set to appear on “Squawk Box” to discuss the heightened threat of cyberattacks emanating from Iran. The company’s stock has seen a 5% rise since the outbreak of the war but faces challenges with an overall decline of 8% year-to-date. In contrast, the Amplify Cybersecurity ETF has experienced a 6.6% increase since the war began, although it remains 13% below its October high.
The energy sector continues to show resilience, with Brent crude prices rising 40% since the war’s inception and West Texas Intermediate up 45%. Reports from CNN indicate that Iran’s Islamic Revolutionary Guard Corps has issued stark warnings regarding potential retaliation against energy infrastructure if its own sites come under attack.
A slew of energy companies reached significant stock milestones on Thursday. Chevron hit its highest value since its merger with Texaco in 2000, with a 5.5% rise month-to-date. Marathon Petroleum, Phillips 66, Valero, and Devon Energy all achieved all-time highs, showcasing increases between 6% to 16% since the war began. EQT also reached a new apex during the session.
In the utilities sector, Duke Energy registered an all-time high, reflecting a 12.5% increase in 2026. The S&P utilities sector overall is up 8% in the same period but is down 2.5% compared to its peak last month.
As markets continue to fluctuate in response to shifting headlines, investors are reminded that the foundational principles of long-term wealth accumulation remain steadfast. CNBC Pro is hosting a live event aimed at equipping investors—from seasoned financial professionals to everyday individuals—with actionable strategies for more disciplined investing. Participants can sign up to receive a discount code for attendance.
