US Stocks Jump After Oil Prices Ease and Inflation Update Comes in Near Expectations
Oracle rose 7.1% in premarket trading as Brent crude fell 3% and inflation data kept traders focused on a possible Federal Reserve rate hike.
- On Friday, U.S. stock markets rebounded from four straight days of losses, with futures indicating gains across major indices as oil prices retreated from recent highs.
- Easing oil prices, which jumped earlier this week due to the war with Iran, helped calm markets. Brent crude fell 3% to $104.44, while a report showed consumer costs rose 3.4% last month.
- Oracle climbed 2.6% after reporting stronger-than-expected quarterly earnings and revenue. Meanwhile, the 10-year Treasury yield eased to 4.92% from 4.95% late Thursday, signaling bond market confidence.
- Inflation data firmed Wall Street expectations that the Federal Reserve will hike interest rates at next week's meeting. Abroad, the FTSE 100 added 0.8% following positive Britain economic data, though Asian markets lagged.
- Rising expectations for rate hikes sent the two-year Treasury yield to 4.58% from 4.56% late Thursday. Bond market moves reflect investor confidence that higher rates will help control inflation over the longer term.
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US stocks jump after oil prices ease and an inflation update comes in near expectations - WXXV News 25
By STAN CHOE NEW YORK (AP) — U.S. stocks rebounded Friday and regained much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations, even if prices are still rising too quickly for everyone’s liking, also helped calm the market. The S&P 500 climbed 0.9% and snapped a...
U.S. stocks jump after oil prices ease and an inflation update comes in near expectations
NEW YORK — U.S. stocks rebounded Friday and regained much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations, even if prices are still rising too quickly for everyone’s liking, also helped calm the market.
Temple Daily Telegram
US stocks jump after oil prices ease and an inflation update comes in near expectations
U.S. stocks rebounded and clawed back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations also helped calm the…
US stocks jump after oil prices ease and inflation update comes in near expectations – WTOP News
NEW YORK (AP) — U.S. stocks are rebounding Friday and clawing back much of their losses for the week after oil prices eased off their recent spurt. An update on
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