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Wall Street Holds Near Record Highs as Investors Await Retail Earnings, Oil Prices
Wall Street benchmarks hovered near record levels on Monday as investors awaited retail earnings from Home Depot, Target and Walmart. The S&P 500 edged down 0.1%, while Brent crude rose to $89.15 and the 10-year Treasury yield climbed to 4.70%. L3Harris dropped 2.6% after its CEO departed.
Wall Street moves toward all-time high as inflation moderates and oil prices drop
Wall Street advanced on Thursday as wholesale inflation eased more than expected and oil prices fell, lifting the S&P 500 toward a record high. The Dow gained 185 points and the Nasdaq rose 1%, while traders cut the probability of a September Fed rate hike to 35%.
Wall Street edges higher on quarter-end optimism as Nvidia rebounds; June still set to end lower
US stocks edged higher on the final trading session of June, led by a rebound in AI stocks like Nvidia. However, the S&P 500 and Nasdaq are set for their first monthly declines after two strong months, despite strong quarterly performance. Investors await key employment data amid expectations of further rate hikes.
Wall Street nears record high as inflation data awaited; oil prices swing
US stock benchmarks traded near record highs on Tuesday as investors awaited Wednesday's inflation report, while oil prices swung on uncertainty over Iran conflict and crude exports. Corporate earnings topped forecasts for Cardinal Health and Aramark, while Intel expanded its stock sale to $20 billion. Brent crude last quoted at $87.18, down 0.6%.