US Stocks Tick Higher as Oil Prices Ease a Bit
Treasury yields eased as investors awaited the Federal Reserve decision and earnings from Amazon, Alphabet and Intel.
- On Monday, the Dow Jones Industrial Average rose 0.4% and the S&P 500 gained 0.3%, as markets climbed ahead of the Federal Reserve's policy decision and major corporate earnings reports this week.
- The Federal Reserve will meet this week to decide on interest rates, while Alphabet, Amazon, and Intel prepare to report quarterly results under pressure to demonstrate strong profit growth amid persistent inflation.
- Artificial intelligence stocks remained unsettled as Elon Musk warned of "guppy-level death and consolidation" for companies lacking capital, following SpaceX's roughly $40 billion deal to lease computing power from Apollo Global Management.
- Brent crude fell 1.6% to $109.95 a barrel on Monday, providing relief after conflict in Iran had previously driven prices toward nearly $120, easing cost pressures across energy-dependent markets.
- Inflation data expected Thursday is projected to show a 3.7% rate for September, sharply above the Fed's 2% target, potentially shaping the central bank's interest rate path in coming months.
13 Articles
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The Daily Advance
US stocks tick higher as oil prices ease a bit
Stocks on Wall Street are ticking higher. The S&P 500 rose 0.4% Monday, coming off a second straight losing week. The Dow Jones Industrial Average added 216 points, and the Nasdaq composite climbed 0.3%. Stocks got some breathing room after…
Rocky Mountain Outlook
US stocks open higher ahead of big earnings week and another Fed rate call
NEW YORK (AP) — Stocks on Wall Street are ticking higher after oil prices eased back a bit. The S&P 500 rose 0.3% early Monday, coming off a second straight losing week.
Stock markets were up on Monday in the United States and Europe, as markets hoped for clarity on the situation in the Middle East.
Economy: Stock futures rose slightly today Monday, backed by a drop in oil prices, after a week saw a decline in the SB500 and Nazdak composite indices...
Prices on the New York Stock Exchange rise after the opening of trading. Analysts point to the fact that the price of oil is falling slightly – and index-heavy technology companies are also rising. About five minutes after the opening, the Dow Jones Industrial Average and the broad S&P 500 index have both risen 0.4 percent and the technology-heavy Nasdaq Composite Index has risen 0.3 percent. Oil futures prices rose sharply last week to their hi…
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