US EditionUS Stocks Approach Their All-Time High
- U.S. stocks neared their highest levels on Wednesday, supported by optimism over a truce in the conflict involving Israel and Iran, along with a decline in oil prices in New York.
- The ceasefire announcement came late Monday from President Donald Trump amid nearly two weeks of conflict that raised fears of global oil supply disruptions.
- Following the ceasefire, indexes surged at least 1% across France, Germany, and Japan, while South Korea’s KOSPI and Hong Kong’s Hang Seng climbed 3% and 2.1%, respectively.
- The Dow Jones increased by 507.24 points to reach 43,089.02, while the Nasdaq rose 281.56 points to 19,912.53. Meanwhile, the price of U.S. crude oil declined by 6%, settling at $64.37 a barrel.
- Declining oil prices may ease inflationary concerns, potentially allowing the Federal Reserve more flexibility to begin lowering interest rates, although Chair Jerome Powell stressed the importance of a cautious, evidence-based strategy.
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U.S. stocks hang near their record as Wall Street takes a breath following 2 big days
U.S. stocks are hanging near their all-time high on Wednesday as financial markets catch a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil.
·Canada
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Coverage Details
Total News Sources69
Leaning Left17Leaning Right2Center29Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 35%
C 60%
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