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Los Angeles Times
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Source: Los Angeles Times
1 DayLos Angeles Times
Source: Los Angeles Times
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The U.S. stock market rose significantly as easing oil prices reduced inflation concerns, with the S&P 500 nearing its all-time high and major indices like the Dow and Nasdaq also reaching record levels. The drop in Brent crude to $83.77 a barrel followed President Trump's decision to pause new strikes against Iran, alleviating worries about oil supply disruptions. Corporate earnings, especially in sectors like airlines, manufacturing, and food, exceeded expectations, boosting investor confidence, while concerns about the sustainability of AI-driven tech stocks persisted.
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