Falling Oil Prices Help Calm Wall Street's Inflation Worries, While Chip Stocks Get Back to Sinking
Falling Brent crude eased inflation fears and lifted airlines, while Advanced Micro Devices and Micron Technology fell as investors questioned AI profits.
- On Monday, Brent crude prices fell 4.9% to $83.65, helping the Dow Jones Industrial Average gain 1.2% and the S&P 500 rise 0.6% as inflation concerns eased.
- President Donald Trump decided to hold off on new strikes against Iran over the weekend, easing inflation fears that had driven oil prices between $72 and $102 last month.
- Treasury yields sank to 4.68% from 4.75% late Friday, while United Airlines rose 5.6% and American Airlines climbed 5.7% as fuel costs fell.
- Tech stocks slid as investors questioned the sustainability of AI-driven revenues; Micron Technology fell 4.9% Monday and Advanced Micro Devices fell 2.7%, trimming its yearly surge to 116%.
- The United States and Japan moved to support the Japanese yen, causing Japan's Nikkei 225 to fall 0.9% after the broader market volatility continued underneath the surface.
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The developments in the Middle East support the stock exchanges. The Chinese company Alibaba is intensifying the AI competition with its new model.
Idaho Press
Falling oil prices help calm worries about inflation, and Wall Street rallies
Oil prices are easing and helping to calm Wall Street’s worries that inflation could potentially get even worse. That has U.S. stock indexes rallying Monday, even though chipmakers and other AI winners are back to falling. The S&P 500 jumped…
Bitcoin trades near $63,000 as falling oil prices ease inflation worries; weak flows limit recovery
Bitcoin traded near $63,000 as easing oil prices reduced inflation concerns, but weak institutional inflows and subdued spot activity capped gains. Ethereum and major altcoins declined, while analysts cited cautious investor sentiment, tighter liquidity and continued market consolidation.
The Washington Post
Falling oil prices help calm Wall Street's inflation worries, while chip stocks get back to sinking
Oil prices are easing and helping to calm Wall Street’s worries that inflation could potentially get even worse
Bitcoin trades near $63,000 as TD Sequential sell signal and
🚨 $BTC hovered near $63,000 after a TD Sequential sell signal flashed close to $65,000. 📉 Technical barriers keep buyers cautious, with August historically a tough month for $BTC. 📊 Support stands at $62,800–$62,900 and resistance at $63,500–$64,700 amid mixed momentum. ...
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