US EditionWall Street Holds Steady as Oil Prices Rise
Oil companies led Wall Street gains after a U.S. policy blocking sanctioned Venezuelan oil tankers raised crude prices by 1.6%, reversing earlier declines this year.
- On Wednesday, U.S. stocks held relatively steady in New York, with the S&P 500 nearly unchanged, the Dow Jones Industrial Average up 219 points, and the Nasdaq composite 0.2% lower at 10:15 a.m. Eastern.
- Amid renewed U.S. pressure on Venezuela, `Trump's Venezuela Oil Blockade` prompted market reaction after oil declined most of this year.
- U.S. crude rose 1.6% to $56.02 and Brent climbed 1.5% to $59.78, boosting energy stocks like ConocoPhillips.
- Investors kept yields steady ahead of Thursday's inflation report, with U.S. Treasury yields unchanged while Jabil jumped 5.9% after strong profits and Netflix climbed 2.7%.
- Global markets showed mixed results, with South Korea's Kospi leaping 1.4% while AI industry stocks like Nvidia, Oracle, and CoreWeave fell between 2.1% and 4.5%.
39 Articles
39 Articles
Sun-Sentinel
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The Columbian
Wall Street holds steady as oil prices rise
NEW YORK — U.S. stocks are holding relatively steady on Wednesday, while the price of oil claws back some of this year’s sharp slide.
The Grand Junction Daily Sentinel
US stocks hold steady as oil prices rise
U.S. stocks are holding relatively steady, while the price of oil claws back some of this year’s sharp slide. The S&P 500 rose 0.1% in early trading on Wednesday. The index is coming off its third straight drop, though it…
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