Falling oil prices help calm the stock and bond markets
Brent crude fell 2.8% to $87.99 as easing inflation worries pulled Treasury yields lower and lifted global stock indexes.
- On Tuesday, Brent crude fell 2.8% to $87.99, helping ease inflation worries that had driven Treasury yields higher through the summer and lifting Wall Street stocks modestly.
- The 10-year Treasury yield fell to 4.66% from 4.70% late Monday, though it remains firmly above the 3.97% level from before the war with Iran sent oil prices and inflation concerns surging.
- Nvidia rose 1.6%, helping offset a 21.8% drop for Dick's Sporting Goods after the retailer reported weaker quarterly results than analysts expected.
- The Treasury Department's surprise move last week to increase repurchases of longer-term notes helped support bond markets, while the Nasdaq composite added 0.7% as trading progressed.
- Nvidia will report its latest quarterly results on Wednesday, which could help steer the next move for AI-related stocks following months of volatility tied to sustainability concerns.
51 Articles
51 Articles
Falling oil prices help calm the stock and bond markets
NEW YORK (AP) — Oil prices fell again on Tuesday, which helped 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 added 160 points, or 0.3%, and the Nasdaq composite climbed...
Equities rise with tech boost and yields fall with oil prices
NEW YORK/LONDON, Aug 25 : MSCI's global equities gauge rose on Tuesday as investors awaited economic data and Nvidia's financial results, while bond yields declined and oil prices fell following a U.S. threat to expand sanctions against Iran.Yields on U.S. 10-year and 30-year bonds were set for a second strai
Around 2:10 PM GMT, the Nasdaq index was up 0.51%, the broader S&P 500 index rose 0.24%, and the Dow Jones was virtually unchanged (+0.07%). "Oil prices are falling sharply again today, following yesterday's announcement of new US sanctions against Iran," note analysts at Briefing.com. According to the analysts, this drop can be attributed to profit-taking after the price increases of recent weeks. This decline in crude oil prices somewhat ease…
The New York Stock Exchange opened up on Tuesday, helped by the relaxation of oil prices and bond rates, on the eve of the highly expected results of the Nvidia chips giant.
Coverage Details
Bias Distribution
- 51% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
