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US Stocks Rally to Records, but Brent Oil Also Tops $100 on Worries About the Iran War
Major companies topped earnings forecasts, helping the index rise 1% to a record while Brent crude climbed 3.5% to $101.91 a barrel.
- On Wall Street Wednesday, the Dow Jones Industrial Average and Nasdaq rallied to records as GE Vernova and Boston Scientific reported profits that topped analysts' expectations.
- GE Vernova stock rose 13.7% after the company reported profits that blew past analysts' expectations, booking $2.4 billion in equipment orders for data centers benefiting from artificial-intelligence technology.
- Still, Brent crude climbed 3.5% to $101.91 as the conflict in Iran restricted traffic through the Strait of Hormuz and raised global economic uncertainty.
- Cannabis stocks like Canopy Growth and Tilray Brands surged on reclassification reports, while Best Buy shares fell 4.6% following the departure of CEO Corie Barry.
- Treasury yields remained steady at 4.30% as markets tracked Kevin Warsh, President Donald Trump's nominee to chair the Federal Reserve, amid ongoing interest rate discussions.
27 Articles
27 Articles
U.S. stocks rally to records, but Brent oil also tops $100 on worries about Iran war
NEW YORK — The U.S. stock market rallied to more records Wednesday after GE Vernova, Boston Scientific and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected. But caution still hung over Wall Street, and oil prices rose on uncertainty about what will happen in the war with Iran.
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US stocks rally to records, but Brent oil also tops $100 on worries about the Iran war
NEW YORK (AP) — The U.S. stock market rallied to more records Wednesday after GE Vernova, Boston Scientific and other big companies joined the parade reporting fatter profits for the start of the year
US stocks rally to records, but Brent oil also tops $100 on worries about the Iran war - WXXV News 25
By STAN CHOE NEW YORK (AP) — The U.S. stock market rallied to more records Wednesday after GE Vernova, Boston Scientific and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected. But caution still hung over Wall Street, and oil prices rose on uncertainty about what will happen in the war with Iran. The S&P 500 jumped 1% and t opped its prior all-time high set on Friday. The Dow Jones I…
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