Published • loading... • Updated
Oil Prices and Stocks Hold Steadier as Calm Returns to Financial Markets Worldwide
Chip and AI stocks helped lift markets as Brent crude fell 0.7% and the 10-year Treasury yield eased to 4.55%, easing pressure on investors.
- Wall Street held steady Thursday despite the United States launching new airstrikes against Iran, which responded by targeting United States allies in the Middle East.
- Brent crude oil prices fell 0.7% to $77.45, yet AAA reported the average price for a gallon of regular gasoline reached $3.85 Thursday, up 68 cents from a year earlier.
- Renewed strength for computer chip makers supported Stocks globally, with Micron Technology stock rising 7.3% as the strongest force pushing upward.
- Stabilizing yields in the bond market provided broad support for Stocks, as the yield on the 10-year Treasury edged down to 4.55% from 4.56% late Wednesday.
- Next week, the biggest banks are set to unveil quarterly profits, with Companies across industries needing to report strong growth to justify their stock price movements.
Insights by Ground AI
18 Articles
18 Articles
Post RegisterReposted by 
The Cumberland Times-News
The Cumberland Times-NewsOil prices and stock markets worldwide hold steadier as AI stocks climb
Wall Street and oil prices are holding steadier in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 rose 0.3% Thursday. The Dow…
Oil prices and stocks hold steadier as calm returns to financial markets worldwide
NEW YORK (AP) — Wall Street and oil prices are holding steadier Thursday in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran.
·Miami, United States
Read Full ArticleCoverage Details
Total News Sources18
Leaning Left5Leaning Right1Center12Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 28%
C 67%
Factuality
To view factuality data please Upgrade to Premium
