US Edition
Published • loading... • Updated
Wall Street Sets Another Record After US Stocks Tick Higher
The S&P 500 rose 0.3% as investors bet that easing Iran war risks and stronger corporate profits will keep driving gains.
- Wall Street reached another record high Thursday, with the Dow Jones Industrial Average and Nasdaq composite both posting gains as markets awaited clarity on the Iran war.
- Oil prices surged between roughly $70 before the war to as high as $119 at times, reflecting uncertainty about how long the conflict will keep petroleum stuck in the Persian Gulf area.
- PepsiCo rose 2.3% after reporting strong quarterly results, while Abbott fell 6% despite beating expectations; the 10-year Treasury yield climbed to 4.31% from 4.29% late Wednesday.
- China reported 5% economic growth for the January-March quarter, an acceleration from prior quarters, as Japan's Nikkei 225 jumped 2.4%, South Korea's Kospi rallied 2.2%, and Hong Kong's Hang Seng rose 1.7%.
- ING Bank strategists Warren Patterson and Ewa Manthey warned Thursday that "peace talks between the US and Iran break down" poses the key upside risk, given that US and Iranian demands remain fairly wide apart.
Insights by Ground AI
19 Articles
19 Articles
Coverage Details
Total News Sources19
Leaning Left8Leaning Right0Center8Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
