US Stocks Near Record as Oil Surges on Iran Tensions; Earnings Lift Wall Street Despite Inflation Fears
मुख्य बातें
- •US stock markets slipped slightly from record highs on Thursday despite strong corporate earnings.
- •Oil prices surged by 2% to $96.13 per barrel amid renewed tensions linked to Iran.
- •Major companies like Dollar Tree, Kohl’s, and Hormel Foods reported better-than-expected earnings.
- •Salesforce fell 2% despite strong profits due to concerns over AI competition.
- •The US personal savings rate dropped to a four-year low of 2.6%.
- •Treasury yields were mixed after the PCE inflation data matched expectations.
- •Global markets in Europe and Asia mostly declined, with Hong Kong’s Hang Seng index falling 1.3%.
US stock markets showed mixed performance on Thursday, with major indices slipping slightly from their record highs despite a surge in oil prices driven by renewed geopolitical tensions involving Iran. The S&P 500 edged down by 0.1% from its all-time high set the previous day, while the Dow Jones Industrial Average dropped 219 points, or 0.4%, and the Nasdaq Composite fell by 0.2% in early trading. Earlier in the week, both the Dow and Nasdaq had closed at record levels.
