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Stocks recover most early losses as volatility again hits Wall Street. US oil tops $110 a barrel
Oil’s jump to more than $111 a barrel renewed inflation concerns and weighed on travel stocks, while major indexes trimmed earlier losses.
- On Thursday, Wall Street stocks recovered most of their earlier losses as volatility returned following President Donald Trump's late Wednesday address, where he vowed the U.S. will continue to attack Iran.
- The war with Iran has overshadowed economic factors, with Brent crude prices jumping 7.8% to $109.03 per barrel and shipping traffic severely curtailed in the Strait of Hormuz.
- Travel-Related companies including United Airlines and Carnival led Thursday losses, while major technology stocks like Intel and Advanced Micro Devices gained ground to offset declines.
- According to the auto club AAA, gasoline prices have surged more than 33 percent from a month ago to average $4.08 per gallon, keeping inflation above the Federal Reserve's 2% target.
- Markets will close for Good Friday, though major indexes remain on track to close the week with gains and investors now expect the benchmark rate to remain steady this year.
42 Articles
42 Articles
Stocks recover from early losses and close with a weekly gain. US oil tops $110 a barrel - Boston News, Weather, Sports
NEW YORK (AP) — Stocks shook off an early stumble to finish with slim gains on Wall Street Thursday and close out their first winning week since the start of the Iran war. The early decline for stocks was driven by a surge in oil prices following a national address late Wednesday from President Donald Trump. He vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. Oil prices…
Bowen Island Undercurrent
Stocks recover most early losses and head for a weekly gain. US oil tops $110 a barrel
NEW YORK (AP) — Stocks recovered most of their earlier losses as volatility returned to Wall Street Thursday after two days of solid gains. The S&P 500 fell 0.1% after slumping as much as 1.5% in early trading.
Stocks recover most early losses as volatility again hits Wall Street. US oil tops $110 a barrel | 100.1 FM and AM 1020 KDKA
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Denver Post
Stocks recover from early losses and close with a weekly gain. US oil tops $110 a barrel
Stocks recovered most of their earlier losses as volatility returned to Wall Street after two days of solid gains. The S&P 500 fell.
Stocks recover most early losses as volatility again hits Wall Street. US oil tops $110 a barrel
NEW YORK (AP) — Stocks recovered most of their earlier losses as volatility returned to Wall Street after two days of solid gains. The S&P 500 fell 0.2% after slumping as much as 1.5% in early trading Thursday. The Dow Jones Industrial Average shed 154 points, or 0.3% as of 12:35 p.m. Eastern. The Nasdaq composite fell 0.3%. Stocks in Europe pared their losses. Oil prices remained elevated although down from earlier highs. The price for a barrel…
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