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US stock market remains calm, even as oil prices rise
Oil prices surged 4.6%, pushing 10-year Treasury yields to 4.22%, delaying Fed rate cuts and raising inflation and stagflation concerns amid weak U.S. hiring.
- On Tuesday, the United States said it destroyed more than a dozen Iranian minelaying vessels, and the Islamic Republic vowed to block regional oil exports as Brent crude rose 4.8% to $91.98.
- Worries are centered on the Strait of Hormuz as tanker traffic halts, filling regional oil storage tanks and prompting producers to cut output.
- Market moves sent yields higher as the 10-year Treasury yield climbed to 4.22% from 4.15%, and traders pushed back forecasts for Fed-rate cuts.
- A report released Wednesday showed U.S. consumers paid prices 2.4% higher in February year-over-year, while the S&P 500 edged down 0.1% amid ongoing market volatility.
- The International Energy Agency said Wednesday its members will release 400 million barrels from emergency stockpiles, while Gary Schlossberg stated, 'Looking forward, we expect a spring bulge in inflation due to the spike in energy prices tied to the Iran war.
26 Articles
26 Articles
Terre Haute Tribune-Star
TelegraphHerald.comU.S. stock market remains calm, even as oil prices rise
The U.S. stock market remained calm, even as the price of oil got back to rising. The S&P 500 edged down 0.1% Wednesday for a second day of modest moves following what had been a wild stretch caused by the…
The Columbian
US stock market remains calm, even as oil prices rise
NEW YORK (AP) — The U.S. stock market remained calm Wednesday, even as the price of oil got back to rising. Read more...
Portfolio
PénzcentrumOil prices are rising sharply as the escalating US-Israeli-Iran conflict in the Middle East causes increasing disruptions to energy supplies. Brent briefly crossed $100 a barrel again, while attacks on tankers, port closures and uncertainty around the Strait of Hormuz increasingly prepare the market for a lasting supply shock.
US stock market remains calm, even as oil prices rise - WXXV News 25
By STAN CHOE NEW YORK (AP) — The U.S. stock market remained calm Wednesday, even as the price of oil got back to rising. The S&P 500 edged down 0.1% for a second day of modest moves following what had been a wild stretch caused by the war with Iran. The Dow Jones Industrial Average dropped 289 points, or 0.6%, and the Nasdaq composite rose 0.1%. Since the start of the war, sharp moves for oil prices have triggered swings up and down for financ…
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