Here's what you need to know in the markets Thursday.
Oil's Impact on the Markets
Early Thursday, two shipping tankers in the Gulf of Oman were reportedly attacked.
While neither of the tankers were reported to be carrying oil at the time of the attacks, which were serious enough to evacuate both ships and call in support from the U.S. Navy's nearby Fifth Fleet, the incidents nonetheless escalated tensions in the region and echoed similar disruptions on Saudi oil tankers in mid-March. Around a fifth of the world's oil passes through the Strait, which separates the Persian Gulf states from Iran and the epicenter of military tensions between Washington and Tehran, each year, reported TheStreet's Martin Baccardax.
Oil prices rebounded after the attacks were reported.
Lululemon earned 74 cents a share in the period, beating Wall Street forecasts by 3 cents. Revenue of $782.3 million rose 20% from a year earlier and topped estimates of $756 million. Comparable-store sales rose 6%.
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