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Oil Prices and Stocks Hold Steadier as Calm Returns to Financial Markets Worldwide
Chip and AI stocks helped lift markets as Brent crude fell 0.7% and the 10-year Treasury yield eased to 4.55%, easing pressure on investors.
- Wall Street held steady Thursday as investors monitored geopolitical tensions, even though the United States launched new airstrikes against Iran, which responded by targeting United States allies in the Middle East.
- Brent crude oil prices fell 0.7% to $77.45, though gasoline costs rose overnight, with AAA reporting the average price for a gallon of regular gasoline reached $3.85 Thursday.
- Renewed strength for computer chip makers supported Stocks globally, with Micron Technology stock rising 7.3%, acting as the strongest force pushing upward on markets.
- Stabilizing yields in the bond market provided broad support for Stocks as the yield on the 10-year Treasury edged down to 4.55% from 4.56% late Wednesday.
- Next week, the biggest banks are set to unveil quarterly profits from April through June, with Companies across industries needing to report strong growth to justify recent stock price gains.
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68 Articles
68 Articles
The Toronto Star+13 Reposted by 13 other sources
Asian stocks climb and oil prices slip as traders monitor Iran war developments
HONG KONG (AP) — Asian stocks advanced Friday, helped by buying of technology-related shares, while oil prices slipped as traders watched for developments in the Iran war.
·Toronto, Canada
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The BladeReposted by 
Investment Executive
Investment ExecutiveStocks recover losses, oil prices ease as calm returns to financial markets worldwide
NEW YORK — Stocks rose, and oil prices eased Thursday as financial markets calmed in the wait to see what will come next after President Donald Trump ...
·Toledo, United States
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Rutland Herald+13 Reposted by 13 other sources
Stocks recover losses, and oil prices ease as calm returns to financial markets worldwide
Stocks rose, and oil prices eased as financial markets calmed a day after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 climbed 0.8% Thursday and more than recovered its loss form…
Coverage Details
Total News Sources68
Leaning Left20Leaning Right6Center31Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 35%
C 54%
11%
Factuality
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