US stocks climb, but so do oil prices with uncertainty rising about the war with Iran
US stocks rose on Wednesday, driven by strong earnings reports from companies like GE Vernova and Boeing, but gains were tempered by rising oil prices amid uncertainty over the war with Iran. The S&P 500 climbed 0.6% and was on track to top its all-time high.
US stocks rose on Wednesday, driven by strong earnings reports from companies like GE Vernova, which jumped 12.1% after beating analyst expectations, and Boeing, which climbed 4.1%. The S&P 500 climbed 0.6% and was on track to top its all-time high. Oil prices also rose, with Brent crude adding 1.4% to $99.88, amid uncertainty over the war with Iran. The war has restricted traffic through the Strait of Hormuz, a key oil shipping route. The S&P 500 is on track for a 13th gain in its last 16 days, driven by strong earnings reports from most companies. Treasury yields eased despite the gain in oil prices, with the 10-year Treasury yield falling to 4.28%.
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