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Stocks Drift Lower, as Oil Prices Ease
- On Friday, Wall Street stocks wavered amid a shaky ceasefire agreement between the U.S. and Iran, with the Nasdaq composite rising 0.5% while the Dow Jones Industrial Average barely budged.
- The government reported a sharp spike in inflation in March, marking the biggest monthly jump in gas prices in six decades, driven by conflict in the Middle East.
- Brent crude prices fluctuated from roughly $70 per barrel before the war to more than $119 at times, with Barclays analyst Ajay Rajadhyaksha writing that "$65-70 a barrel is not coming back."
- Iran's semiofficial Tasnim news agency claimed that talks set for Saturday will not happen unless Israel stops its attacks in Lebanon, raising questions about the two-week ceasefire's status.
- Israeli Prime Minister Benjamin Netanyahu authorized talks with Lebanon, with negotiations expected in Washington next week, while the Islamic Republic maintains control over the Strait of Hormuz.
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71 Articles
71 Articles
The Washington Post+24 Reposted by 24 other sources
Stocks drift lower and oil prices ease ahead of planned US-Iran talks
Coverage Details
Total News Sources71
Leaning Left23Leaning Right8Center28Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 39%
C 47%
14%
Factuality
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