Wall Street climbs toward more records as oil prices give back a bit of their big jumps
The S&P 500 rose 0.6% and added to its all-time high as Apple, Estee Lauder, and other companies reported stronger profits than expected. Oil prices eased back after surging earlier in the week due to concerns over the Iran conflict.
The U.S. stock market rose toward more records as big companies reported fatter profits than expected. The S&P 500 rose 0.6% and added to its all-time high. Apple led the way, rising 3.3% after reporting stronger profit and revenue. Estee Lauder climbed 4.2% after reporting better earnings and raising some financial forecasts. Oil prices eased back, with Brent crude slipping 0.5% to $109.88. Treasury yields held relatively steady as oil prices moderated, with the 10-year Treasury yield edging down to 4.39%. Tokyo's Nikkei 225 rose 0.4%, while London's FTSE 100 fell 0.6%.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.