US EditionOil Prices Whipsaw While U.S. Stocks Glide Near Their Record Heights
- The Federal Reserve announced Wednesday it will hold interest rates steady, citing inflation risks and high oil prices as reasons to pause its rate-cutting cycle.
- Rising oil prices stem from the ongoing war with Iran and the United States' blockade of Iranian ships, which has closed the Strait of Hormuz and disrupted transit corridors between Europe and Asia.
- Treasury yields climbed following the announcement as traders erased bets for rate cuts this year, with the 10-year Treasury yield rising to 4.40% from 4.36% late Tuesday.
- Despite bond market volatility, the U.S. stock market remained resilient as companies reported strong earnings; Visa jumped 9% after delivering better-than-expected results, while Starbucks climbed 8.6%.
- Data from CME Group suggests traders are moving away from rate-cut expectations in 2026, with a small chance for a rate hike instead as Fed officials signal they may not cut rates soon.
70 Articles
70 Articles
Ottumwa Courier
Oil prices whipsaw while US stocks glide near their record heights
The U.S. stock market is gliding near its record heights following more whipsaw moves for oil prices. The S&P 500 rose 0.1% Thursday and is just a bit below its all-time high set earlier this week. The Dow Jones Industrial…
Oil spikes, stocks mixed as divided Fed keeps rates unchanged
NEW YORK, United States — Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks moved indecisively after a divided Federal Reserve kept interest rates unchanged. Brent oil futures got within striking distance of $120 a barrel before retreating a bit. Markets girded for a much
The Columbian
Pittsburgh Post-GazetteOil prices whipsaw while U.S. stocks glide near their record heights
NEW YORK — Oil prices whipsawed on Thursday and surged toward their highest levels since the war with Iran began, only for the leaps to quickly vanish. The U.S. stock market, meanwhile, is gliding following more strong profit reports from big companies like Alphabet. Read more...
The Fed's interest rate decision does not trigger major reactions on Wall Street. More important for US investors is the development of oil prices, which had recently increased significantly again - with negative consequences for the stock markets.
Oil prices keep spurting higher, but U.S. stocks hold near records
NEW YORK — More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don’t want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain resilient despite that.
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