US Stocks Inch to More Records After Oil Prices Drop
Oil’s decline eased inflation pressure and helped the Dow, S&P 500 and Nasdaq set records as Treasury yields softened.
- U.S. stocks inched to records Wednesday after oil prices fell back to mid-April levels, with the S&P 500 rising less than 0.1% to 7,520.36, the Dow Jones climbing 0.4% to 50,644.28, and the Nasdaq gaining 0.1% to 26,674.73.
- The ceasefire between the United States and Iran appeared to hold despite U.S. military launching what it called self-defense strikes in southern Iran, sending Brent crude down 4.6% to $92.25 and benchmark U.S. crude falling 5.5% to $88.68.
- Micron Technology surged to become the latest Big Tech company worth more than $1 trillion due to AI excitement, with its stock tripling in 2026 and rising another 3.6% Wednesday; analysts at UBS said Tuesday it could soar even more because AI fundamentally improved demand for computer memory.
- Oil-and-Gas stocks sank as crude prices fell more than 4%, with Exxon Mobil and Chevron each slipping 1.3% and Halliburton dropping 3.6% to bring gains back below 41% for the year.
- High yields have forced average long-term U.S. mortgage rates to their most expensive level since last summer and could curtail companies borrowing to build AI data centers that supported recent U.S. economic growth, even as the 10-year Treasury yield slipped to 4.48% from 4.67% roughly a week ago.
49 Articles
49 Articles
DJIA and S&P 500 Close In Mixed Territory As Oil Prices Plunge On Iran Deal Uncertainty
The S&P 500 Index ($SPX) closed up +0.02% on Wednesday, while the Dow Jones Industrial Average ($DOWI) gained +0.36% and the Nasdaq 100 Index ($IUXX) slipped -0.09%. The Dow Jones Industrials posted a new record high during the session, while the Nasdaq 100 fell back from its own all-time high reached earlier in the day. Enthusiasm for artificial intelligence, lower oil prices, and easing bond yields provided broad support for equities throughou…
Travel Stocks Rally After Oil Prices Drop
US stocks inched up to more records on Wednesday after oil prices fell back to where they were in mid-April. The S&P 500 rose 1.24 points, or less than 0.1%, to 7,520.36. The Dow Jones Industrial Average rose 182.60 points, or 0.4%, to 50,...
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
Oil Drop Sends S&P 500, Dow And Nasdaq To Fresh Records As Travel Stocks Rally
U.S. stocks edged higher to new records Wednesday as crude prices fell sharply, Treasury yields eased and stronger-than-expected earnings from retailers helped offset inflation concerns. The post Oil Drop Sends S&P 500, Dow And Nasdaq To Fresh Records As Travel Stocks Rally first appeared on [your]NEWS.
Coverage Details
Bias Distribution
- 58% of the sources are Center
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
