S&P 500 leaps 1.8% to an all-time high as profits keep piling up for US companies and as oil prices ease
AI-linked companies posted stronger profits, and a 5.4% drop in Brent crude helped ease inflation worries and lift major indexes.
- The Dow Jones Industrial Average and the Nasdaq hit record highs on Tuesday as corporate profits surged and oil prices eased, propelling Wall Street to a new apex.
- Companies delivered exceptional earnings, with nearly 50% growth in quarterly earnings per share—the largest jump since 2021—as the economy remained resilient despite inflation concerns.
- Palantir Technologies soared 29.5% after CEO Alex Karp reported 93% revenue growth, calling it an "otherworldly" quarter, while Caterpillar climbed 6.6% after surpassing $20 billion in quarterly sales.
- Brent crude fell below $80 per barrel while the 10-year Treasury yield dropped to 4.63% from 4.70%, easing inflation pressure on borrowing costs and the broader economy.
- Reports showed employers advertised nearly 7.4 million job openings at month-end, while markets in Europe and Asia rose modestly, signaling continued economic stability amid persistent inflation concerns.
209 Articles
209 Articles
Investors have their attention on the US inflation data, the upcoming Fed decisions and a possible EU-Iran peace agreement.
Asia's stock exchanges closed without a single direction on Tuesday, while oil prices expanded the gains recorded in the previous session. The high movement in commodity quotes is driven by uncertainties around the reopening of the Strait of Ormuz, a fundamental passage to the global raw flow. The Brent-type barrel rose 1.5%, quoted at US$ 89.01, while the US reference (WTI) advanced 1.7%, to US$ 83.54 — following the 5% jump observed at Brent o…
(Seoul = Yonhap News) Reporter Yoon Jung-won, Yonhap Infomax = The three major stock indices of the New York stock market showed mixed trends as negotiations between the U.S. and Iran proceeded more sluggishly than expected...
The relaxation in the Iran war and the figures of the AI companies ensure stock records. However, the risk of setbacks increases. Therefore, it is worth looking at values that perform strongly even without AI.
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