MAY 27·pasadenastarnews.com▲
Wall Street hangs near its records as oil prices ease
U.S. stocks traded near record highs as oil prices eased. The S&P 500 was 0.1% below its prior all-time high; the Dow rose 0.4% and the Nasdaq fell 0.1% by 12:56 p.m. ET. Brent fell 4.1% to $95.48 and U.S. crude 4.2% to $89.69. Airlines and cruise stocks rose on lower fuel costs, while oil-and-gas shares fell. Treasury yields eased; the 10-year slipped to 4.48%.
MAY 27·redlandsdailyfacts.com▲
Wall Street hangs near its records as oil prices ease
U.S. stocks traded near record highs as oil prices eased. The S&P 500 was 0.1% below its prior all-time high; the Dow rose 0.4% and the Nasdaq fell 0.1% by 12:56 p.m. ET. Brent fell 4.1% to $95.48 and U.S. crude 4.2% to $89.69. Energy stocks declined (Exxon -1.4%, Chevron -0.8%), while airlines rose (United +7.3%, Delta +3.7%). Treasury yields eased; the 10-year slipped to 4.48%.