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Oil prices climb back toward $100, and the record-breaking rally for US stocks stalls
Oil prices rose toward $97 per barrel due to renewed U.S.-Iran tensions over the Strait of Hormuz, while U.S. stocks stalled near record highs. The S&P 500 slipped 0.3% from its peak, and companies like Medtronic, GameStop, and Macy’s saw mixed stock movements despite strong quarterly results.
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Adjacent reporting
- Oil prices climb back toward $100, but US stocks hang near their records
- Oil prices climb back toward $100, and US stocks halt their record-breaking rally
- Oil rises back above $100, but US stocks hold steadier after US-Iran talks failed to end the war
- Oil prices rise, but not by enough to drag Wall Street far off its records
- Oil prices rise, but not by enough to keep Wall Street from more records
- Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire