US EditionUS stock market remains calm, even as oil prices rise
Oil prices surged to 2022 highs due to Middle East disruptions, raising inflation and Treasury yields while delaying Federal Reserve rate cut forecasts.
- On Wednesday, the U.S. stock market remained calm despite rising oil prices, with the S&P 500 edging down 0.1% for a second day and falling 5.68 points to 6,775.80.
- Shipping disruptions in the Persian Gulf raised supply concerns after the United States said it took out more than a dozen minelaying Iranian vessels Tuesday, and Iran vowed to block exports.
- Brent crude jumped to $91.98, with U.S. crude at $87.25 as the International Energy Agency announced a record 400 million-barrel release while oil producers cut output; the 10-year Treasury yield climbed to 4.22%.
- A report Wednesday showed U.S. consumers paid 2.4% higher prices in February, causing traders to push back expectations for Fed rate cuts amid oil-driven inflation concerns.
- Broader effects include pressure on other investments as yields rise, with the Dow dropping 289 points and European indexes falling, reflecting rising economic risks ahead.
27 Articles
27 Articles
Terre Haute Tribune-Star
TelegraphHerald.comU.S. stock market remains calm, even as oil prices rise
The U.S. stock market remained calm, even as the price of oil got back to rising. The S&P 500 edged down 0.1% Wednesday for a second day of modest moves following what had been a wild stretch caused by the…
The Columbian
US stock market remains calm, even as oil prices rise
NEW YORK (AP) — The U.S. stock market remained calm Wednesday, even as the price of oil got back to rising. Read more...
Portfolio
PénzcentrumOil prices are rising sharply as the escalating US-Israeli-Iran conflict in the Middle East causes increasing disruptions to energy supplies. Brent briefly crossed $100 a barrel again, while attacks on tankers, port closures and uncertainty around the Strait of Hormuz increasingly prepare the market for a lasting supply shock.
US stock market remains calm, even as oil prices rise - WXXV News 25
By STAN CHOE NEW YORK (AP) — The U.S. stock market remained calm Wednesday, even as the price of oil got back to rising. The S&P 500 edged down 0.1% for a second day of modest moves following what had been a wild stretch caused by the war with Iran. The Dow Jones Industrial Average dropped 289 points, or 0.6%, and the Nasdaq composite rose 0.1%. Since the start of the war, sharp moves for oil prices have triggered swings up and down for financ…
Coverage Details
Bias Distribution
- 53% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
