Asian shares are mixed after Wall Street gains, oil price steadies
Tech shares led the rally as analysts forecast S&P 500 earnings growth above 25% for a third straight quarter, FactSet said.
- On Tuesday, Oct. 6, Asian markets advanced following a tech-led record close for the Nasdaq Composite, as easing oil prices helped dampen inflation concerns.
- Brent crude retreated below $100 per barrel as Middle East oil exports recovered toward pre-war levels, though shipping attacks keep regional supply risks elevated.
- Tech giant Nvidia climbed 2.1% to a record $5.76 trillion market value, while the 10-year U.S. Treasury yield stabilized at 5.3089% after hitting 24-year highs.
- Markets reduced bets for an interest rate hike from the Federal Reserve this month to 23% from 71% a week ago, anticipating the earnings season.
- Goldman Sachs analysts project 27% growth in S&P 500 earnings, with over half the expansion driven by AI infrastructure spending despite persistent geopolitical uncertainties.
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97 Articles
El Paso Inc.
Easing oil prices help send stocks higher at the end of a record-setting week
Lower oil prices are helping to propel the U.S. stock market to the finish of a record-setting week, but financial markets remain indecisive. The S&P 500 rose 0.3% early Friday and clawed back some of its two straight days of…
Rally pushes S&P 500 and Nasdaq to closing highs
NEW YORK — Stocks ended higher Tuesday as crude prices steadied and Treasury yields eased, offering some reprieve from concerns that preoccupied investors in recent weeks, and allowing markets to turn their attention to the approaching third-quarter reporting season.
The rise of artificial intelligence continues to advance and boosts actions to historical peaks: the S&P 500 rose by 0.7% on Tuesday and reached 7,830 points, a historic peak and its first intraday record in almost two months.
The Korea Times
US stocks rise toward an all-time high after oil prices ease
NEW YORK — U.S. stocks are rising Tuesday and on track to hit an all-time high after oil prices gave back some of their big recent gains. The S&P 500 added 0.8 percent and was on pace to finish the day above its record set in August. The Dow Jones Industrial Average was up 265 points, or 0.5 percent, as of 11 a.m. Eastern time, and the Nasdaq composite was adding 0.8 percent to its own all-time high set the day before. Stocks got a boost after t…
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