ABCNEWS (ABC News: Top Stories) - Oil prices stay above $108 and Asian shares decline, tracking Wall Street losses
Asian shares are declining while tracking Wall Street losses
Asian shares are declining while tracking Wall Street losses
Investors are focused on strong corporate earnings and A.I., while looking past the war in Iran. But rising interest rates are an increasing risk to the rally.
The development could increase the chances that the U.S. central bank will raise interest rates later this month
Rising oil prices have added to existing inflationary pressures and exacerbated a bond-market sell-off earlier this week.
Edward Yardeni, an upbeat strategist with an excellent track record in assessing the stock market, explains why he thinks the good times will continue for years.
NEW YORK (AP) — Oil prices are falling again on Tuesday, which is helping to ease worries in the bond market and support stock prices. The S&P 500 rose 0.3% and edged a bit closer to its all-time high set earlier this month. The Dow Jones Industrial Average was up 80 points, or 0.2%, as [...]
Fears about the war in Iran, government deficits, the economy and corporate borrowing stirred global markets.
The Dow Jones soared over 900 points, which is 1.71%, to close at 54,085. The S&P 500 gained 1.79%, hitting a fresh high for the first time since June and closing at 7,736.52, and the Nasdaq Composite ended with a 2.5% gain to close at 26,584.99.
The S&P 500 rose 1.8 percent, pushing past its previous peak at the start of June and capping a big turnaround from a recent sell off in technology stocks.
The Dallas-based exchange is a new competitor to the New York Stock Exchange and Nasdaq.