Stocks inch to more records after oil prices drop
U.S. stocks edged to more records Wednesday as Brent crude fell 4.6% to $92.25 and U.S. crude dropped 5.5% to $88.68, easing inflation pressure. The S&P 500 rose <0.1% to 7,520.36, the Dow gained 0.4% to 50,644.28, and the Nasdaq added 0.1% to 26,674.73. Oil-sensitive shares fell; airlines and retailers rose on profit beats.
MAY 27·hayspost.com▼
US stocks set more records after oil prices drop
U.S. stocks rose to more records Wednesday as Brent crude fell 4.6% to $92.25 and U.S. crude dropped 5.5% to $88.68, easing inflation pressure. The S&P 500 gained <0.1% to 7,520.36, the Dow rose 0.4% to 50,644.28, and the Nasdaq added 0.1% to 26,674.73. Airlines and retailers led; oil-and-gas fell.
MAY 27·smh.com.au▼
ASX set to slide, Wall Street hangs near its records as oil prices ease
US stocks edged near record highs as oil prices eased. The S&P 500 rose <0.1% to a new all-time high; the Dow gained 0.4% and Nasdaq 0.1%. ASX futures pointed to a 0.5% fall. Brent fell 4.6% to $92.25 and US crude 5.5% to $88.68. Oil-and-gas shares fell; airlines and retailers rose.