✉news BusinessMarkets first seen 3 h ago, last 2 h ago, peak #20
US stocks hold near record highs as oil prices fall
Original: US stocks hold near their records after oil prices swing lower
Wall Street's main indexes held close to their record levels after oil prices swung lower, easing pressure on inflation expectations. The retreat in crude calmed markets that had been weighed down by energy costs, leaving investors broadly steady. Traders are watching whether the pause in oil's climb can help sustain the stock market's recent run of gains.
Why now: Oil's pullback is easing inflation and market jitters, keeping stocks near record highs.
US stock marketoil pricesWall Street
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Evidence
- US stocks hold near their records after oil prices swing lower · LancasterOnline
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