US stocks hit fresh records as oil stabilises on rising supplies
Oil prices eased as easing Gulf supply worries helped push U.S. equities higher and lifted interest-rate sensitive stocks, analysts said.
- The Nasdaq reached a record high in the United States on Tuesday, advancing 0.5 percent as investor enthusiasm for technology drove markets higher alongside retreating oil prices.
- Brent North Sea Crude trended toward pre-war levels, easing supply concerns that had fueled inflation worries and interest-rate hikes amid Middle East crisis uncertainty.
- Sam Stovall of CFRA Research noted markets were buoyed by expectations of dropping interest rates but warned that "a crack in the AI story could see stocks across the tech sector hit an air pocket."
- Paramount completed its takeover of Warner Bros Discovery, uniting two Hollywood studios, while Skydance shares fell 2.7 percent on Wall Street and Asos slumped more than nine percent in London trading.
- Goldman Sachs expects corporate borrowing to reach $1.2 trillion by 2027, though analysts caution that only technology and energy sectors currently trade above their 50-day moving average.
12 Articles
12 Articles
US stocks hit fresh records as oil stabilizes on rising supplies
On Wall Street, the technology-focused Nasdaq index advanced 0.5 percent to a new high, coming off a record set on Monday driven by AI enthusiasm. The S&P 500 also hit a new record after rising 0.6 percent. The brisk trading in New York stoked European stock markets, after gains across most Asian equity markets. Oil prices were subdued as Gulf exports inch back toward pre-war levels, with the international benchmark Brent North Sea crude closin…
US stocks hit fresh records as oil stabilises on rising supplies
NEW YORK: Stock markets firmed Tuesday with the Nasdaq and S&P 500 hitting record highs in the United States, as oil prices retreated on easing supply worries, which helped temper concerns about rising government borrowing costs.On Wall Street, the technology-focused Nasdaq index advan
The NASDAQ rose 1.05 percent yesterday to new record highs, while the S&P 500, jumping 0.66 percent, closed just 0.5 percent off a new record. Yesterday's rally was quite broad: almost all sectors except real estate grew, while the best results were recorded by the sectors of raw materials (+1.2%), communications services (+1.1%) and energy (+0.9%).
Why are global stocks rising as oil prices fall and US Treasury yields stay near multi-decade highs? - THE LOCAL REPORT ARTICLES
Global stock markets were mostly higher on Tuesday, while US stock futures also gained. The move came after Wall Street stocks closed near record levels in the previous session. Investors are watching oil prices, Treasury yields and the latest signals on the US economy as they assess the outlook for stocks. Global stocks rise as ...
Bitcoin (BTC) remained above $86,000 on Tuesday as 10-year US Treasury yields retreated from their 2002 highs and crude oil became cheaper. Risk appetite recovered across all assets.
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