US EditionUS stocks remain calm even as oil prices get back to climbing
Oil prices rose to multi-year highs amid Iran conflict, prompting emergency stockpile releases by Germany and Japan, while U.S. stocks showed modest changes, S&P 500 up 0.1%.
- On Wednesday, the International Energy Agency announced that member nations will release 400 million barrels of oil from emergency stockpiles to stabilize global energy markets amid geopolitical volatility.
- Conflict in the Strait of Hormuz has halted most traffic in the narrow waterway, forcing oil producers to cut output. The Islamic Republic vowed to block exports, warning it would not allow "even a single liter" to reach enemies.
- U.S. consumer prices rose 2.4% in February, keeping inflation above the Federal Reserve's 2% target. Oracle jumped 13.8% while Campbell's sank 3.2% after reporting weaker profits.
- Federal Reserve officials face limited tools to address "stagflation," a worst-case scenario where high inflation meets a stagnant economy exacerbated by the ongoing war's energy costs.
- Gary Schlossberg, global strategist at Wells Fargo Investment Institute, expects a spring inflation bulge tied to energy price spikes. Experts suggest only full Persian Gulf oil resumption will stabilize markets.
11 Articles
11 Articles
East Idaho News
US stocks remain calm even as oil prices get back to climbing
Gennaro Saporito works on the floor at the New York Stock Exchange in New York, Friday, March 6, 2026. | Seth Wenig, Associated Press NEW YORK (AP) — The U.S. stock market is remaining relatively calm on Wednesday, even as the price of oil gets back to climbing. The S&P 500 rose 0.1% in early trading and could be heading for another day of relatively modest moves following a punishing stretch of extreme swings caused by the war with Iran. The Do…
US stocks remain calm even as oil prices get back to climbing - WSVN 7News | Miami News, Weather, Sports
NEW YORK (AP) — The U.S. stock market is remaining relatively calm on Wednesday, even as the price of oil gets back to climbing. The S&P 500 rose 0.1% in early trading and could be heading for another day of relatively modest moves following a punishing stretch of extreme swings caused by the war with Iran. The Dow Jones Industrial Average was down 72 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% higher. Since …
Coverage Details
Bias Distribution
- 71% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
