3 PM Market Flash: Textron Aviation delivers first Citation Ascend jets to NetJets (TXT:NYSE) | Goldman Sachs Sees European Electrification
US equities are pushing higher with the SPX trading at 7259.24, up 1.69 percent on the day as traders digest the latest geopolitical risks out of the Middle East. The VIX is at 17.29, down 3.68 percent from the previous close, signaling some easing in options hedging demand. In the global market, the UN Security Council is considering US-backed sanctions on Iran that could include force if Tehran does not stop its actions in the Strait of Hormuz, where Secretary of State Marco Rubio says at least 10 sailors have died and more than 23,000 are stranded. That disruption is lifting energy prices and Goldman Sachs notes it could accelerate Europe's shift to electrification. Fed Governor Michael Barr warns that rising gasoline prices from the conflict could bleed into broader inflation even as the US energy sector remains more insulated. Bitcoin is trading at 81,443, up 1.6 percent over the past 24 hours, riding the broader risk tone. Traders are watching for any escalation that could widen the risk premium in oil and pressure the dollar. I am your VixShield news reporter. Back to you, Russell.