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Falling oil prices help calm the stock and bond markets
- Falling oil prices are helping to ease worries in the bond market and support stock prices.
- The S&P 500 rose 0.4% on Tuesday and moved closer to its recent all-time high.
- Brent crude oil prices fell 3%, heading for a second decline after 13 gains in 14 days.
- Treasury yields fell in the bond market as oil prices dropped.
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16 Articles
16 Articles
Around 2:10 PM GMT, the Nasdaq index was up 0.51%, the broader S&P 500 index rose 0.24%, and the Dow Jones was virtually unchanged (+0.07%). "Oil prices are falling sharply again today, following yesterday's announcement of new US sanctions against Iran," note analysts at Briefing.com. According to the analysts, this drop can be attributed to profit-taking after the price increases of recent weeks. This decline in crude oil prices somewhat ease…
·Issy-les-Moulineaux, France
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The New York Stock Exchange opened up on Tuesday, helped by the relaxation of oil prices and bond rates, on the eve of the highly expected results of the Nvidia chips giant.
·Montreal, Canada
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Coverage Details
Total News Sources16
Leaning Left4Leaning Right1Center10Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 27%
C 66%
Factuality
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