#1 out of 3
business1d ago
Oil prices rise, but not by enough to keep Wall Street from more records
- Oil prices jumped on renewed U.S.-Iran tensions, but U.S. stocks still rose to fresh records.
- Nvidia led gains as it announced product updates fueling a tech-driven market rally.
- Markets saw profits outpacing expectations as SAIC and other firms posted better-than-expected results.
- Yields rose with oil prices but eased later, easing some pressure on stocks.
- The market's leadership remains narrow, with Big Tech carrying much of the S&P 500's gains.
- Investors await a potential reopening of the Strait of Hormuz to ease supply concerns.
- U.S. stock gains added to records as overall profits outpaced expectations.
- The Russell 2000 reversed earlier losses to end near breakeven as small caps feel financing costs.
- Analysts note market breadth signals a rotation may be upcoming.
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