Yahoo Finance
and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices and bond yields have pushed higher as hostilities in the Gulf resume - but you’d be hard pressed to find many signs of concern in AI-obsessed stock markets.
Wall Street’s SOX chip index jumped more than 5% on Tuesday as the wider S&P 500 eked out another record closing high, gaining for the ninth straight day.
According to Deutsche Bank, a 10th gain for the S&P 500 on Wednesday would be the longest such streak in more than 30 years.
But first, check out my latest column on the eerie calm beneath wild individual stock swings - and why it could be deceptive.
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on Wednesday intercepted Iranian missile attacks in the Gulf and carried out strikes of its own, pushing up Brent crude more than 2% to around $98 per barrel.
Equity markets seemed to take little notice, at least in Asia, where tech-heavy indexes followed Wall Street's example on Wednesday to reach new record highs on the AI theme.
Wall Street futures edged down before the bell, however, and European shares dipped in early trading.
Meantime, the yen flirted again with the important 160-per-dollar level as the fresh U.S.-Iran exchanges boosted the greenback.
Japanese authorities have spent some $73 billion in yen-buying intervention recently to support the currency after it previously weakened past that point.
Earnings from Broadcom, due out after the bell, will top the tech diary on Wednesday.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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