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Wall Street Points Toward Gains, Oil Prices Fall as Markets Await Next Week’s Earnings Ramp-Up
U.S. stock futures edged higher as oil prices fell and investors awaited Federal Reserve minutes and early earnings reports.
- Futures rose before the opening bell Tuesday as oil prices retreated to the lowest level in more than a month, easing inflation concerns.
- Oil prices fell about 2% early, with Brent dropping $1.99 per barrel, as Markets weigh inflationary pressures driven by the Iran war energy shock.
- The 10-year Treasury yield eased to around 5.26% after briefly crossing 5.35%, its highest level since 2002, while European Markets gained and Hang Seng climbed 1%.
- With little economic data this week, Investors are monitoring geopolitical developments and upcoming quarterly results from Levi, PepsiCo, and Delta Air Lines before earnings season intensifies.
- Markets await Federal Reserve minutes Wednesday from its September meeting, garnering heavy interest after the central bank raised benchmark interest rates for the first time in three years.
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Wall Street opens the session in positive territory in wake to the braking of oil prices: the Dow Jones climbs in the first bars of 0.31%, to 51.424,41 points, while the Nasdaq marks a progress of 0.72%, at 27.675,03. (ANSA)
·Rome, Italy
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The Grand Junction Daily Sentinel+5 Reposted by 5 other sources
Wall Street points toward gains, oil prices fall as markets await next week's earnings ramp up
Wall Street is pointing higher ahead of opening bell after nearing record highs to open the week, while oil prices are down around the lowest level in more than a month. Futures for the S&P 500 rose 0.4% Tuesday, while…
US stock markets looked set to continue their upward trend on Tuesday as US interest rates fell slightly while oil prices fell.
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Total News Sources13
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
13%
C 62%
R 25%
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