US Stocks Hover Near Their Latest Record in Mixed Trading on Wall Street
Energy shares are leading gains as Brent crude tops $106 and four major banks prepare to report on loan-loss reserves.
- Wall Street stocks opened with mixed trading on Monday, keeping the market hovering around its all-time high set last week.
- Rising oil prices lifted energy stocks as Brent crude climbed to more than $105 a barrel, driven by ongoing disruptions from the war with Iran.
- President Donald Trump announced a diesel deal with Russian President Vladimir Putin on Friday, prompting six senators to demand the administration "immediately reverse course" on the plan.
- Four of the largest U.S. banks report earnings Tuesday before the open, with analysts watching loan loss reserves for signs the hiring slowdown is hitting borrowers.
- Consumers expect inflation of 4.7% over the coming year, while the economy added only 29,000 jobs in September, raising concerns about pressure on lower-income households.
22 Articles
22 Articles
US Stocks | Oil surge keeps S&P 500, Nasdaq in check before earnings; Salesforce lifts Dow
US stocks were mixed on Monday as technology shares came under pressure amid rising oil prices and ahead of major bank earnings and inflation data. The Dow rose 0.21%, while the S&P 500 gained 0.08% and the Nasdaq slipped 0.04%. Investors also assessed Fed rate expectations and corporate updates.
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BizTocStock Market Today: S&P 500 Futures Pause Near Record Highs as Oil Rises Ahead of Bank Earnings
Oil surging past $100 is lifting energy stocks while high bond yields drag on tech, and underneath a deceptively calm index, a quiet rotation is reshaping portfolios before bank earnings reveal whether the slowdown is finally catching up to borrowers.
The Bakersfield Californian
US stocks hover near their latest record in early trading on Wall Street
Stocks are off to a mixed start on Wall Street, keeping the market hovering around its all-time high set last week. The S&P 500 edged up 0.1% early Monday. The Dow Jones Industrial Average rose 163 points, and the Nasdaq…
Wall St steady at open as oil jumps ahead of key earnings
Oct 12 (Reuters) - Wall Street's main indexes opened muted on Monday as investors watched oil prices and global events ahead of crucial bank earnings and inflation data due later in the week that are widely expected to influence the central bank...
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