The Closing Bell: US stocks inch to more records after oil prices drop
U.S. stocks hovered near record highs as oil prices fell. The S&P 500 rose less than 0.1%, the Dow gained about 0.4–0.5%, and the Nasdaq added ~0.1%, with all three setting records, according to AP. Bath & Body Works (+10.7%) and Abercrombie & Fitch (+16%) rallied after results beat analyst expectations. Brent fell 4.6% to $92.25 and U.S. crude 5.5% to $88.68; oil-and-gas shares slid. Treasury yields eased.
MAY 27·fortmorgantimes.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 crude fell 4.1% to $95.48 and U.S. crude 4.2% to $89.69. Airlines and retailers gained on profit beats, while oil-and-gas stocks declined. Treasury yields eased; the 10-year yield slipped to 4.48%.
MAY 27·durangoherald.com→
Wall Street hangs near its records as oil prices ease
U.S. stocks hovered near record highs as oil prices eased. The S&P 500 slipped 0.2% from its prior all-time high; the Dow rose 0.3% and the Nasdaq fell 0.3%. Brent crude fell 3.4% to $96.19 and U.S. crude dropped 4.2% to $89.96. Airlines and retailers gained on hopes lower fuel costs and stronger earnings; Exxon and Chevron fell. Treasury yields eased, with the 10-year at 4.48%.
