Oil Prices Rise, but Not by Enough to Drag Wall Street Far Off Its Records
Brent crude rose 5% to $95.69 a barrel as investors weighed renewed fighting and strong earnings that kept U.S. stocks near records.
- On Monday, oil prices rose 5% to $95.69 as fighting threatened the United States-Iran ceasefire near the Strait of Hormuz, yet Wall Street stocks remained near record levels.
- Despite the war driving up oil prices and inflation, the United States stock market has pushed to records as Big Tech companies continue to surge thanks to artificial intelligence exuberance.
- Nvidia rose 3.8% after CEO Jensen Huang announced updates, while Berkshire Hathaway slipped 0.5% on plans to buy Taylor Morrison Home for $6.8 billion and Science Applications International Corp jumped 12.3%.
- The 10-year Treasury yield climbed to 4.50%, making long-term mortgage rates the most expensive in nine months and potentially curtailing borrowing for AI data center expansion.
- Stifel equity market strategist Thomas Carroll noted the top 10 stocks control nearly half the total market value, a 40-year high, signaling a rotation in market breadth may be coming.
19 Articles
19 Articles
The Independent Online
union-bulletin.comOil prices rise, but Wall Street still hangs near its records
Oil prices are rising following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks are hanging around their records. The S&P 500 added 0.3% Monday to its all-time high. The Dow Jones…
MONEY & BUSINESS: Crude oil prices rise after latest US-Iran fighting, and US stocks slip – One America News Network
By CHAN HO-HIM and MATT OTTUpdated 6:40 AM PDT, June 1, 2026 Specialists Philip Finale, left, and Meric Greenbaum work on the floor of the New York Stock Exchange, Friday, May 29, 2026. (AP Photo/Richard Drew) NEW YORK (AP) — Oil prices are rising Monday following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks are hanging around their records. The S&P 500 was virtually unchanged from …
Markets under pressure after US-Iran conflict
The stock exchanges reach new historic peaks in all geographies, as investors redoubled their commitment to artificial intelligence, a sector that has driven the stock markets to historic highs. Oil rose while the lack of a ceasefire agreement between the United States and Iran persisted.The MSCI All Country World index, the largest benchmark of global equity, advances 0.2%, while Asian stock exchanges earn 1.1% and mark a new historic high. Sou…
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