US Stocks Hold Relatively Steady Even as Crude Oil Prices Bounce Around
Bond yields climbed as traders awaited Federal Reserve minutes and Brent crude held above $100 a barrel, while U.S. indexes traded mixed.
- On Monday, the Dow Jones Industrial Average slipped 45 points as investors monitored rising Treasury yields, which have recently surged to more than 20-year highs.
- Stubborn inflation, high Oil prices, ongoing economic strength, and mounting government debt are driving yields higher, which can slow the economy by increasing borrowing costs.
- Brent crude swung between $100 and $103, reflecting uncertainty regarding how the war with Iran will reshape the global Oil industry.
- Skydance-Owned Paramount and Warner Bros. Discovery expect to close their $81 billion merger on Tuesday, while Robinson Worldwide announced a $5.8 billion deal to acquire RXO Inc.
- The Federal Reserve will release minutes Wednesday from its September meeting, when benchmark interest rates were raised for the first time in three years.
16 Articles
16 Articles
Rutland Herald
US stocks edge toward their records after oil prices ease a bit
U.S. stocks are holding relatively steady following the latest yo-yo moves for oil prices. The S&P 500 ticked up by 0.2% Monday and pulled within 0.8% of its all-time high set during the summer. The Dow Jones Industrial Average fell…
Ottumwa Courier
US stocks hold near their records after oil prices swing lower
U.S. stocks are holding relatively steady following the latest yo-yo moves for oil prices. The S&P 500 ticked up by 0.2% Monday and pulled within 0.8% of its all-time high set during the summer. The Dow Jones Industrial Average fell…
LancasterOnline
US stocks hold relatively steady even as crude oil prices bounce around
U.S. stocks are holding relatively steady despite more yo-yo moves for oil prices. The S&P 500 edged up 0.2% early Monday. The Dow Jones Industrial Average slipped 45 points, and the Nasdaq composite rose 0.3%. The moves were sharper in…
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